A well-known short-selling whale expects BTC to hold above $70,000 by year-end and has begun partial profit-taking.

BlockBeats news, November 9 - According to TradingBeats monitoring, a cross-market trader added about 20,000 "BTC to fall to $70,000 before year-end" No positions over the weekend, while slightly covering BTC shorts and realizing some profits. Currently, on Hyperliquid, the trader still holds approximately $19.22 million in BTC and ETH short positions, with a total unrealized profit of about $1.9553 million.

The U.S. will release October CPI tomorrow evening Beijing time, and this trader is increasing bets on the downside boundary for BTC while maintaining short exposure.

This trader is the main short seller 58bro.eth (X: 0x58bro) that has been tracked previously. Since the weekend, using the LucasMeow account on Polymarket, the trader invested about $10,100 to buy approximately 20,000 "BTC to fall to $70,000 before year-end" No shares, at an average implied probability of about 49%. Currently, the implied probability of "not falling to $70,000" has dropped back to 39.5%, with the position showing an unrealized loss of about $2,164.

At the same time, the trader also invested about $20,400 to buy approximately 25,000 "BTC to fall to $60,000 before year-end" No shares, currently corresponding to a probability of 80.5%. The newly added BTC and ETH price prediction purchases over the weekend totaled about $60,100, mainly concentrated on order books negating deep declines.

On the futures side, the trader is partially realizing short profits. Since the weekend, BTC short positions have net decreased from 88 to 85 coins, with about $79,600 in realized profits from closing positions during the period. Current main positions are:

- BTC short 85 coins: worth about $6.3686 million, average price $77,582.6, unrealized profit about $225,900.

- ETH short 6,000 coins: worth about $12.8472 million, average price $2,429.43, unrealized profit about $1.7294 million.

These two BTC predictions can provide a limited buffer against price increases: if the thresholds are not touched during their respective observation periods and both No positions pay out at year-end, after deducting about $30,500 in costs, the maximum net gain would be about $14,500. This can only offset an increase of about $171, or 0.22%, above the average short price.

Due to the small coverage size, combined with the slight reduction in shorts, this set of operations may lean toward actively expecting BTC to hold $70,000 before year-end while retaining short-term short positions.