Onchain Lens tracked that whale address 0x50b has closed its Ethereum short position at a loss of $9.386 million. The trade sharply reversed the account’s overall performance, pushing cumulative PnL from a previous $6.6 million profit to a net loss of $2.3 million. Despite exiting the ETH short, the whale still holds a 20x leveraged long position of 228.7 BTC, indicating that significant directional exposure remains on the books. The update was reported by ChainCatcher based on on-chain monitoring data.
Whale position update
According to monitoring by Onchain Lens, whale address 0x50b has closed its Ethereum short position. The trade ended with a $9.386 million loss, marking a significant setback for the address.
Following the close, the whale’s cumulative performance deteriorated materially. Its total profit and loss shifted from a previous $6.6 million profit to a net $2.3 million loss. In other words, this single trade was large enough to erase prior gains and push the overall record into negative territory.
20x leveraged Bitcoin long remains open
Although the Ethereum short has been fully closed, the whale is still holding a 20x leveraged long position in 228.7 BTC. Based on the disclosed on-chain information, the address continues to maintain sizable directional exposure even after taking the loss on ETH.
The latest update was reported by ChainCatcher, citing on-chain tracking data from Onchain Lens. Source: https://www.chaincatcher.com/newsflash/2274882 .
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