**["Ultimate Bear" Reduces Short Positions Rapidly, BTC Short Position Size Drops from $7.02M to $4.83M]** BlockBeats reports that on February 5, according to Coinbob's popular address monitoring, the "Ultimate Bear" address (0x5d2f…) reduced its BTC short positions multiple times within approximately one hour, cumulatively decreasing about 31.57 BTC shorts, with a total value of approximately $2.2456M. After consecutive operations during this period, the total value of its BTC short positions has dropped from $7.0248M to $4.8323M. The current floating profit of this position is approximately $2.7868M, and the liquidation price has been raised accordingly to $175,229.03. This address is well-known for establishing BTC short positions near the $120K price level and has been consistently shorting various mainstream and altcoins. Its account's highest floating profit once reached $64M, and it remains one of the largest BTC short addresses on Hyperliquid.