A Bitcoin whale makes new gains through strategic liquidations

A Bitcoin whale continues to demonstrate a sophisticated profit-taking strategy, liquidating short positions again in recent days and securing approximately $2.32 million in gains. According to data from the ChainCatcher platform, the liquidated volume reached around $5.46 million, highlighting the scale of this entity’s operations in the market.

Recent Operations: Consistency During Low Volatility Points

Since early last year, this whale has been executing a series of liquidations at local support levels, completing five similar profit-taking operations, all without reopening new short positions. The address triggered take-profit orders when the BTC price approached $76,200, demonstrating precision in executing its divestment plan.

Progressive Reduction of Exposure and Gains Accumulation

The overall scenario reveals a well-structured divestment strategy. Compared to the previous peak of $136 million in short positions, the wallet has reduced its accumulated exposure by about $120 million. Currently, the whale still holds short positions in Bitcoin worth approximately $8.6 million, with a significant floating gain of $3.65 million, equivalent to 850% return, with an average entry cost of $111,500.

Tactical Shift: From Aggressive Selling to Systematic Stop-Loss

Since establishing its short positions in May of the previous year, this address frequently oscillated between cycles of aggressive selling and rebuys at lows. However, the behavioral pattern has evolved significantly. In recent months, the strategy has clearly shifted toward continuous and systematic reduction of exposure, progressively locking in profits on each favorable move. This transition reflects a more conservative market outlook, where capturing gains is prioritized over maintaining more aggressive, prolonged speculative positions.