TREE NEWS reports: A single address reduced its BTC short position from 1,379.42 to 1,319.77 BTC, a net reduction of about $4 million, while still holding a BTC short. The same address also trimmed roughly $4.01 million from an ETH short. Its contract account has accumulated approximately $302 million in profit, with the address identified as 0x5b5d51203a0f9079f8aeb098a6523a13f298c060.
Address Cuts $4M BTC Short, $4.01M ETH Short; Cumulative Profit $302M
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AI take
The scale of this single address's cumulative profit makes its positioning a de facto sentiment signal for leveraged traders, even though trimming a short is not the same as flipping long — the book remains short. What matters is that a consistently profitable contract account is de-risking into existing exposure rather than pressing it, which can read as caution rather than conviction. Whether this address continues to unwind, or rebuilds the shorts, is the open question worth watching.
Generated by AI for reference only.
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