Whale "Ultimate Short" Adjusts LIT Short Entry to $2.8, Maintains 20x Leveraged BTC Position

Whale address 0x5d2f4, known as "Ultimate Short," now holds a short position of 59,208 LIT with 3x leverage at an average entry of $2.8, currently showing a slight profit, Hyperinsight data show. The same address maintains a 20x leveraged short on 499.9 BTC valued at approximately $44.2 million, with an unrealized profit of $11.53 million (413%), an average entry of $111,500 and a liquidation price of $102,380.