A prominent bear address has adjusted its trading strategy to a more defensive stance by closing short positions on ASTER, UNI, and PUMP. The freed margin was utilized to establish a HYPE hedge, currently valued at approximately $7.8 million. Additionally, the address liquidated positions in MON, ZEC, and TRUMP, withdrawing $2 million within 24 hours. The total position size now stands at $23.08 million, with remaining shorts in ETH, ASTER, and UNI. This month, the address closed ten short positions, resulting in $7.1 million in profits over 30 days, contributing to a total gain of $82.85 million. The strategic shift highlights a cautious approach amid market volatility.