On November 24, the on-chain analysis tool CoinBobAI_bot reported that the Ultimate Bear whale (0x5D2) carried a 20x-leveraged BTC short position opened on May 9, with an unrealized profit of about $29.78 million. The trader recently shifted the take‑profit zone to $67,000, after previously targeting roughly $89,000–$91,000 as of the 14th.
For the month, roughly $34.09 million in margin has been withdrawn, with $40 million moved to a Binance wallet. The position’s notional size now sits near $106 million, entry at an average price of $111,500. The estimated liquidation price has declined from about $105,700 to $92,000 in ten days, implying around 5.75% of the position at risk of liquidation and ranking this as the top BTC short on Hyperliquid.
Earlier this year, the address opened four large BTC short positions, each producing losses totaling roughly $5.48 million. In the latest setup, after partially closing 40% of the position for profit since October 11, realized gains stand at about $5.17 million.