A certain whale address opened short positions on BTC, ETH, and other major cryptocurrencies on January 3, and is now facing an unrealized loss of $7 million.

BlockBeats News, January 7, according to Onchain Lens monitoring, a whale address that previously "deposited and sold 255 BTC on HyperLiquid" is currently experiencing an unrealized loss of over $7 million on its short positions in BTC (10x leverage), ETH (15x leverage), SOL (20x leverage), XRP (20x leverage), and STBL (3x leverage) opened on January 3. The position has shifted from a previous profit of $5.5 million to a loss of $2.5 million.