Data: Since March this year, the address that short BTC for four consecutive times has increased its BTC short position to approximately US$139 million.

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According to ChainCatcher, on-chain analysts have monitored an address that has been short BTC four times since March 2025, increasing its short positions to 1209.36 BTC (approximately $139 million). Additionally, a limit sell order of 22.05 BTC was placed 10 minutes ago in the $115,331 - $115,570 range.

The take-profit point for this address was set at [97,332 - 98,932] USD; however, because the position in this address has lasted for several months and the funding fees have already earned more than $8.35 million, it may be for hedging purposes.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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