Whale strikes again: Short positions on LIT while managing large BTC holdings

On-Chain Data Monitoring Platform Coinbob Recently Tracked an Important Piece of Information — A Major Whale Address Known as the “Ultimate Bear Market Whale” Opened a Short Position on Lighter (LIT), Reflecting Market Participants’ Caution Towards Certain Assets.

Specific Layout of LIT Short Positions

This whale user established a short position of 31,000 tokens on LIT on December 30, with an average transaction price of approximately $2.95, totaling about $87,000 in position size. According to current market data, LIT has fallen to $2.51, and this position has already realized unrealized gains. The liquidation price is set at $4.75, providing ample risk buffer for the position. Notably, this address also has an unfilled sell order — planning to sell 10,000 LIT at a bid of about $3.06.

Profit Performance of BTC Large Position

Compared to the new LIT position, this address’s activity in Bitcoin is much larger. Currently, it holds a BTC short position worth approximately $43.68 million, with unrealized profits reaching $12.05 million (a 552% return). The average entry price for this position is $111,500, with a liquidation price at $102,400.

Whale’s Precise Take-Profit Strategy

Since November, this address has executed take-profit operations five times at local price lows, demonstrating mature trading discipline. Compared to the peak at the end of October, its Bitcoin short position has been reduced by about $93 million. In just this month, the address has closed positions totaling approximately $57 million, gradually realizing accumulated profits while maintaining sensitivity to market movements.