Gate News reports that on March 20, according to Hyperinsight monitoring, the long-term Bitcoin short whale address “Ultimate Short” (0x5d2), which has been shorting BTC for over a year, continued to add to its Nasdaq 100 (XYZ100) long position last night and this morning. The position now totals $13.6 million, with an average price of $24,534 and a liquidation price of $22,063. Due to the decline in the three major indices today, this position is slightly underwater by $96,000 (-6.5%). Previously, this address held a Bitcoin short position worth up to $136 million, with an average price of $111,500. Since November last year, it has been gradually taking profits and has now fully closed its position, achieving a total profit of $61.4 million over the entire cycle. This Nasdaq long position marks the whale’s first profit-taking from its BTC holdings and the first time it has established a multi-million dollar long position, indicating a shift from shorting cryptocurrencies to going long on U.S. tech stocks.
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