The "Ultimate Bear" Who Was Long-Term Bearish on BTC Switches Position: Previously Made $61.4M Shorting, Now Holds $13.6M Long Position on Nasdaq

BlockBeats News, March 20th, according to Hyperinsight monitoring, the whale "Ultimate Short" (0x5d2), who had been shorting for over a year, continued to add to their XYZ100 (Nasdaq 100) long position last night and this morning. The position has now reached a size of $13.6 million, with an average price of $24,534 and a liquidation price of $22,063. Due to today's downturn in the three major indices, the position is currently experiencing a small unrealized loss of $96,000 (-6.5%).

This address previously held a short position of up to $136 million in BTC, with an average price of $111,500. Starting in November last year, the position was closed in batches to take profits, and has recently exited the position with a total accumulated profit of $61.4 million over the entire period.

This Nasdaq long position is the whale's first long position since taking profits from the BTC position, establishing a long position in the tens of millions for the first time, transitioning from shorting crypto to longing the US tech stock index.