Over $120 million BTC short positions liquidated overnight, major investors netted millions of dollars in profit in the recent month

【ChainWen】Monitoring data from a leading on-chain data platform shows that a well-known crypto trading strategy account completed a large-scale liquidation operation within the past 20 minutes. This liquidation involved short positions in multiple cryptocurrencies including BTC, ETH, SOL, XRP, kBONK, SUI, FARTCOIN, and others, with perpetual contract holdings completely cleared.

The data is quite shocking—this account has achieved a single-day profit of approximately $7.17 million. Over the past month, it has accumulated a total profit of about $10.01 million. Considering the account’s total assets exceed $31.78 million, it indicates a very high capital utilization efficiency.

Let’s review the operational history of this account. Since establishing the position in December last year, they have been shorting mainstream coins, especially BTC and ETH. At the peak, the BTC short position expanded to over $120 million, making it the largest on-chain BTC short position.

Ironically, this strategy account forms a completely opposite betting relationship with listed companies that insist on buying BTC. The market is such that there are always those betting against the trend, and this time, their short strategy indeed made real money.