Bitcoin Bear Whale 0x5D2 Closes BTC Shorts, Realizes $1.17M Profit as Unrealized BTC Short Value Reaches $28.15M and Tops Hyperliquid Ranking

According to COINOTAG News, as reported via Coinbob’s Popular Address Monitor on November 25, the so‑called Ultimate Bear whale (0x5D2) has been actively unwinding BTC shorts, aiming to lock in gains. The activity shows approximately $4.3 million in short positions closed, with a realized profit of around $1.17 million and an unrealized gain near $28.15 million. The current short exposure stands near $103 million, with an average entry of $111,500 and a liquidation threshold around $94,800. The address is presently ranked TOP 1 for BTC shorts on Hyperliquid.

In terms of capital movements, monitoring indicates monthly margin withdrawals of about $34.09 million and a transfer of roughly $40 million to a Binance wallet, complemented by a small today’s deposit of $3 million to adjust the average price.

Historically, this address opened several large BTC short positions earlier this year—four instances resulting in losses totaling around $5.48 million. A partial close on November 10 closed 40% of the position for approximately $5.17 million in profit, with the current funding-rate settlement contributing about $9.32 million in realized gains.