A whale tracked by EmberCN has added to a short position in Bitcoin while still sitting on a large unrealized gain in Ethereum. According to the monitoring update cited by BlockBeats on Sept. 28, the trader had opened a long position of 20,000 ETH at an average entry price of $1,936 near the start of the current market move. That ETH position is now showing an unrealized profit of $14.06 million. On the same day, the whale increased its bearish bet on BTC by shorting 650 BTC at $84,057, bringing the notional value of that position to $53.68 million. The BTC short is currently showing an unrealized profit of $950,000. The report did not disclose the identity of the address beyond saying it was tracked by EmberCN.
A whale tracked by EmberCN has increased a short position in Bitcoin while holding a sizable unrealized gain on Ethereum, according to a Sept. 28 market update cited by BlockBeats.
EmberCN said the trader opened a long position in 20,000 ETH at an average price of $1,936 near the start of the current market move. That ETH position is now sitting on an unrealized profit of $14.06 million.
On Sept. 28, the same whale added to its BTC short, selling short 650 BTC at $84,057. The position is valued at $53.68 million and is currently showing an unrealized profit of $950,000.
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