BTC Breaks $92K as Hyperliquid Top Short Whale ‘Ultimate Bear’ Closes $30.17M Profit, Still Holding an $81M Short at $111,500

COINOTAG News reports that after Bitcoin broke above $92,000, the so-called ‘Ultimate Bear’ address 0x5D2 continued to unwind its short position, locking in about $30.17 million in closes and realizing roughly $3.86 million in gains, with $17.6 million unrealized. The position shows an average price near $111,500 and a liquidation trigger now around $101,000, remaining the top BTC short on Hyperliquid.

On-chain monitoring shows the entity has withdrawn over $34.09 million in margin and transferred roughly $40 million to a Binance wallet, with an additional $3 million today used to close out another short and push the average entry price higher.

This ongoing whale activity underscores persistent liquidity shifts in the crypto market and may shape near-term Bitcoin price action as BTC tests key levels.