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Bitcoin Bear Trader with 1,232 BTC Position Sets Profit-Taking Orders Above $75K
Gate News bot message, A notable Bitcoin trader identified as 0x5D2F, who holds a significant short position of 1,232 BTC (valued at $108.63M), currently has unrealized profits exceeding $28.7M.
The trader has strategically placed limit orders ranging from $75,819 to $79,919 to secure profits. According to earlier reports, this trader has maintained their bearish position for more than 6 months on Hyperliquid, accumulating total profits of $51M, including $9.2M from funding fees alone.