ChainThink report, December 23: According to Coinbob Popular Address Monitor, over the past 5 hours, the "Ultimate Short" has closed part of its BTC short positions, realizing profits of approximately $1.17 million, with the closing size totaling around $4.35 million. Since November, this address has consecutively executed similar profit-taking operations at local bottoms for five times, without reestablishing short positions. Compared to its peak position of $136 million in late October, the address’s BTC short exposure has now decreased by roughly $93 million, with about $57 million closed this month alone—indicating an accelerating trend of profit-taking.

Currently, this whale still holds BTC short positions worth approximately $43.63 million, with unrealized profits reaching $12.2 million (558%), an average entry price of $111,500, and a liquidation price of $102,300. Additionally, it placed take-profit orders yesterday within the range of $67,200 to $76,200. Since establishing its current BTC short position on May 9, the address has repeatedly engaged in high-frequency swing trading, but recently shifted strategy toward continuous reduction and locking in gains. To date, funding rate settlements have already generated approximately $9.61 million in profits.