A whale closed a 4x leveraged short position on Bitcoin after holding it for less than seven hours, according to on-chain analyst @ai_9684xtpa, as monitored by ChainCatcher. The short position was valued at $49.59 million, and the trade ended with a loss of $114,000 after the whale stopped out. The address had also previously closed two other BTC short positions at a loss. Across the three BTC short trades, its cumulative loss reached $547,000. The address still holds a 4x leveraged long position in 20,000 ETH. That position is currently showing an unrealized profit of about $10.71 million. The available information does not identify the whale or provide additional details about the entry, exit or liquidation levels of the trades. The figures refer to the monitored address and its reported positions, while the short position was closed in less than seven hours. ChainCatcher attributed the monitoring information to the on-chain analyst’s observations.
ChainCatcher reported that, according to on-chain analyst @ai_9684xtpa, a whale previously opened a 4x leveraged short on BTC valued at $49.59 million. The position was held for less than seven hours before the whale stopped out, taking a loss of $114,000.
The address had also closed two earlier BTC shorts at a loss. Its cumulative loss across the three BTC short trades reached $547,000. The whale still holds a 4x leveraged long position in 20,000 ETH, with an unrealized profit of about $10.71 million.
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