BlockBeats reported on Sept. 2, citing TradingBeats monitoring, that whale address VBVIT has recently built aggressive short positions in BTC, ETH and XYZ100, a Nasdaq 100-related instrument.
$107.5 million across three core shorts
As of 17:41 Hong Kong time on Sept. 2, the address held about $107.5 million in combined notional value across the three short positions. Its combined unrealized profit stood at about $2.4535 million.
Based on TradingBeats' current ranking by short position size, the address is now the No. 3 BTC short, the No. 8 ETH short and the No. 2 XYZ100 short.
Position breakdown for BTC, ETH and XYZ100
The wallet holds short exposure of about 839.45 BTC, with position value near $64.3196 million. The trade uses 10x leverage, has an average entry price of about $78,146.8, and is currently showing unrealized profit of about $1.2809 million.
On ETH, the address holds short exposure of about 11,851.47 ETH, worth around $28.1247 million. That leg uses 20x leverage, with an average entry price of about $2,451.97 and current unrealized profit of about $934,800.
It also holds about 522.16 xyz:XYZ100 short contracts, valued at around $15.0916 million. This position uses 20x leverage and is currently showing unrealized profit of about $237,800.
Broader portfolio and prior activity
The address currently has 86 open positions in total, including 60 shorts. Total short exposure is about $137 million, while unrealized profit across all short positions is about $2.6218 million.
It is also the largest short on Hyperliquid for 14 U.S. stock or ETF names, including ASML, IBM, AVGO and MRVL.
The address had previously drawn attention from the on-chain trading community after opening a nearly $30 million short position in SPCX on Hyperliquid. Its historical closed-trade win rate is 48.44%.