Ultimate Bear Opens New LIT Short at $3.03 as Whale Maintains Large BTC Short Position
BTC/USDT
$3,970,500,731.98
$65,300.00 / $64,730.08
Change: $569.92 (0.88%)
+0.0048%
Longs pay
On December 30, COINOTAG News, citing Coinbob Popular Address Monitor, reported that the Ultimate Bear whale opened a new LIT short near $3.03. The position sizes 31,000 LIT (about $87,000), with an average entry around $2.95 and a liquidation threshold of $4.75. The trade is currently showing a modest floating profit, while a lingering sell order for 10,000 LIT shorts (~$3.06) remains queued.
Concurrently, the tracking address holds a BTC short of roughly $43.68 million, with a floating profit of $12.05 million (about 552%), an average price near $111,500, and a liquidation price of $102,400. Since November, the entity has executed multiple profit-taking exercises at local lows, yet none of the BTC shorts have been covered.
From an October peak of about $136 million, the BTC short exposure has shrunk by roughly $93 million. In the current month, about $57 million of that short exposure has been closed, underscoring ongoing risk-adjusted positioning within on-chain markets.