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Whale reduces LIT short positions, BTC super short positions have an unrealized profit of over $11 million
【CoinPush】On-chain data shows that a seasoned short whale (wallet address 0x5d2f4) recently adjusted their trading strategy.
Let’s first look at the LIT position — this whale is gradually reducing its short pressure. Currently, it maintains a 3x leverage short of 59,208 LIT, with an average entry price lowered to $2.8, currently showing a small profit. This gradual reduction in position usually indicates that the shorts are re-evaluating the market rhythm.
But the real focus is on BTC. The whale still holds a 20x leveraged super short of 499.9 BTC, worth approximately $44.2 million. More importantly — unrealized profits have accumulated to $11.53 million, with a return of 413%.
Based on the entry data, this whale was positioned when BTC was at $115,000. The liquidation line is set at $102,380, indicating that the shorts still have a clear forecast for the subsequent market trend. The actions of such large leveraged positions often influence market sentiment and are worth continuous monitoring.