February 5th — Per the Coinbob Popular Address Monitor, the “Ultimate Short” address (0x5d2f…) cut its BTC short position multiple times over roughly one hour, totaling a reduction of ~31.57 BTC (valued at ~$2.2456 million). After these moves, the total value of its BTC short position dropped from $7,024,800 to $4,832,300. The position’s current unrealized profit is ~$2,786,800, with its liquidation price now at $175,229.03. Notable for opening a BTC short near the $12,000 level, the address regularly shorts major cryptos and altcoins. Its unrealized profit once peaked at $64 million, and it remains among the largest BTC short addresses on Hyperliquid.
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