**["Ultimate Bear" BTC Short Position Profits Reach $71 Million, Yield 14x Initial Margin]** BlockBeats News, February 6: According to Coinbob's popular address monitoring, the "Ultimate Bear" whale (0x5d2) has opened BTC short positions four times since January last year. The first three positions resulted in a combined loss of approximately $5.48 million, but the most recent short position has achieved significant profits. This position has so far accumulated approximately $10.05 million in funding fee income and over $61 million in contract profits, bringing its total annual profit to $71 million. Since December 26 last year, this address has not adjusted its positions. Last night, it significantly reduced its position again, taking profits and withdrawing approximately $5 million from Hyperliquid. Compared to its peak position of $136 million at the end of October last year, the whale has gradually reduced its positions by approximately $130 million and has not replenished its short positions after multiple profit-taking withdrawals. Currently, it still holds a 20x leveraged BTC short position worth approximately $4.4 million, with an average price of around $111,500 and an unrealized profit of approximately $3.2 million (1,470%).