Whale Adjustment Strategy! The "Ultimate Bear" whale reduces LIT short positions, earning $11,530,000 in profit

2026-01-19 13:30:44

Abstract generation in progress

This notorious “ultimate bear” whale (0x5d2f4) has recently taken new actions. According to on-chain data monitoring, this whale is adjusting its portfolio allocation, gradually reducing its short positions in LIT.

Major Changes in LIT Shorts

The whale is currently short 59,208 Lighter (LIT) with 3x leverage, with an average opening price of $2.8. Notably, as the LIT price fluctuated to $1.70, this short position has already realized some profit, but the gains are minimal compared to other positions.

BTC Shorts Are the Main Battlefield

The real focus remains on the whale’s positioning in BTC. This whale is short 499.9 BTC with 20x leverage, approximately worth $44.2 million. During the decline from an opening price of $111,500, this position has already gained up to $11.53 million in profit, with a return of 413%.

From a risk management perspective, the liquidation price set by the whale is $102,380, leaving nearly $9,000 of risk buffer. At the current BTC price of $92.90K, the whale’s position still has ample safety margin.

Market Signal Interpretation

The strategy of reducing LIT shorts while maintaining BTC short positions indicates that this major player has a clear judgment on the overall crypto market trend—bearishness remains the main theme. The $11.53 million profit from the BTC short is already substantial, yet there are no signs of taking profit, demonstrating strong confidence in the bearish outlook.

LIT-13,67%

BTC-2,52%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.