Data: Whales holding BTC short positions for nearly 5 months turned profitable due to the market crash, but are now facing losses exceeding $4.8 million
According to ChainCatcher, Lookonchain monitoring shows that the whale address 0x5D2F has held a bitcoin (BTC) short position for nearly 5 months, at one point incurring an unrealized loss of about $27 million. The recent market crash briefly allowed this position to break even and turn profitable, but the address did not close all positions.
As the market rebounded, the short position fell back into a loss, with current unrealized losses exceeding $4.8 million. The liquidation price is $123,260.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto mining company NetBrands to establish a $100 million digital asset treasury
Monochrome spot Bitcoin ETF in Australia increases its BTC holdings to 1,078.
A Bitcoin OG transferred 100 BTC, worth $11.49 million, to an exchange.
Trending news
MoreCrypto prices
More








