BTC short sellers are starting to close some positions: VBVIT covered approximately 246 BTC short positions overnight. The anonymous trader VBVIT on Hyperliquid began covering his BTC short positions in batches starting at 11:46 PM last night, with the most concentrated activity between 4 AM and 6 AM. He was still sporadically closing positions as of 8 AM this morning. His BTC short positions decreased from 1,245 BTC to 999 BTC, maintaining a short position overall. ◎ 232.6 BTC were covered in the available trades, with an average closing price of $74,411.6, resulting in a profit of approximately $924,000. ◎ The remaining 999 BTC short positions (approximately $73.79 million) had an average opening price of $78,384.5, resulting in a floating profit of approximately $4.51 million. ◎Clearance price approximately $92,934, about 25.8% from the current price, 25x leverage. Only less than 20% was sold this time; the majority of short positions remain. Should I lock in some profits, or prepare to gradually withdraw from the short positions? Address: 0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d Data snapshot taken at 08:09 (Singapore time). The above is for on-chain data observation only and does not constitute investment advice.