BlockBeats news, March 20: According to Hyperinsight monitoring, the long-term bear whale "Ultimate Bear" (0x5d2), who had been shorting for over a year, has been steadily increasing its long position in XYZ100 (Nasdaq 100) overnight and early this morning. After consecutive additions, the current position size has reached $13.6 million at an average price of $24,534, with a liquidation price of $22,063. Due to today’s decline in the three major indices, this position has incurred a minor unrealized loss of $96,000 (-6.5%).
This address previously held up to $136 million in BTC short positions at an average price of $111,500, gradually closing profits since November last year, and has now fully closed all positions, achieving a total profit of $61.4 million over the entire cycle.
This Nasdaq long position marks the first time since this whale closed their BTC position that they have established a multi-million-dollar long position, shifting from shorting crypto to going long on U.S. tech stock indices.