A major whale with a 10x short position on mainstream cryptocurrencies has an unrealized loss of $1.71 million on Bitcoin shorts and has replenished margin and short positions again
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According to Lookonchain monitoring, as the price of Bitcoin rises, a whale shorting BTC, ETH, and SOL with 10x leverage is currently experiencing an unrealized loss of approximately $1.71 million on BTC. About an hour ago, he added 4 million USDC to the Hyperliquid platform to expand his short position on BTC, while also raising the average entry price and reducing the risk of liquidation.
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