Bitcoin Whale Secures Million-Dollar Gains in New Liquidation Round

A major whale investor continues to unwind their short positions on Bitcoin with a clear strategy focused on capturing profits. Over the recent six-hour window, this asset has closed another portion of its short positions, netting approximately $2.32 million in gains. The total amount divested amounts to around $5.46 million, according to on-chain tracking data, confirming a consistent pattern of profit-taking over the past few months.

Recent Profit-Booking Activity

Since the start of fall 2024, this address has executed position closures at least five times, always at local support levels, without renewing their short bets. These closures occurred at roughly $76,200 per Bitcoin, reflecting a disciplined profit realization strategy across multiple market scenarios.

Profit Trajectory and Strategy Shift

The accumulated decline in their short bets has been dramatic: starting from a maximum holding of $136 million, they have reduced their exposure by approximately $120 million to date. This systematic de-accumulation of positions represents one of the largest profit-taking exercises observed among whale activities. Currently, the investor maintains short positions worth $8.6 million, with an unrealized gain of $3.65 million (equivalent to an 850% return), based on an average entry price of $111,500.

Since establishing this round of short positions in May, their operational pattern has been consistent: leveraging short-term movements to buy on dips and sell on rallies. However, recently their focus has shifted toward systematic profit locking and reduction, abandoning the previous range-trading approach.

Analysis of the Current Whale Investor Position

This strategic shift suggests a different assessment of the market environment. While Bitcoin is currently trading around $68,890, the investor’s continued profit securing indicates confidence in the levels already achieved. Their portfolio composition still shows residual bearish bias but with a clear intent to minimize exposure through a methodical drain of profits. Such behavior by large participants often precedes significant market changes, especially when accompanied by systematic profit-taking across multiple cycles.