A well-known market big short has struck again. According to on-chain monitoring data, this top player, who has been arbitraging at lows for five consecutive months, acted again around December 30th—opening a new short position when the LIT price was about $3.03.

Currently, this LIT short position amounts to 31,000 tokens, with an average cost of $2.95, totaling approximately $87,000. Based on a liquidation price of $4.75, the position is set relatively conservatively, with a small unrealized profit already realized. Notably, there is also a pending order of 10,000 LIT (at about $3.06) waiting to be filled.

Compared to this new order, the whale's BTC short position is even more noteworthy—holding a position worth $43.68 million, with an average cost of $111,500. Since this wave of market movement began, unrealized gains have accumulated to $12.05 million (a 552% return), with a liquidation price set at $102,400.

What’s more interesting is this top short’s operational pattern. Since November, he has taken profits at five local lows, and each time he has not re-entered the short. This approach, compared to his massive $136 million position at the end of October, has resulted in a current BTC short position shrinking by $93 million, with about $57 million closed out in December alone. Once the largest on-chain BTC short, he is now quietly exiting the market.