A whale address opened short positions on BTC, ETH, and other major coins on January 3, and is currently at a $7 million unrealized loss
BlockBeats News, January 7th, according to Onchain Lens monitoring, a whale address that had "deposited and sold 255 BTC to HyperLiquid" is currently facing over $7 million in unrealized losses on its short positions in BTC (10x leverage), ETH (15x leverage), SOL (20x leverage), XRP (20x leverage), and STBL (3x leverage) opened on January 3rd, turning its original $5.5 million profit into a $2.5 million loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Disciplined capital expenditure attracts market favor as Apple (AAPL.US) surpasses Nvidia (NVDA.US) to reclaim the top spot in global market capitalization
As concerns about Wall Street's massive returns on tech giants' artificial intelligence investments continue to intensify, Apple surpassed Nvidia on Friday to once again become the world's most valuable publicly traded company.
AI burning cash sparks credit risk concerns! S&P downgrades Meta (META.US) rating outlook to "negative," questioning its ability to monetize massive investments
S&P Global Ratings has revised Meta's credit rating outlook from “stable” to “negative,” citing the company's continued expansion of artificial intelligence (AI) capital expenditures, which has turned free cash flow negative. There remains uncertainty over whether these significant AI investments will generate sufficient returns in the coming years.
Prospect Ridge Raises $1.84 Million in Private Placement
Crypto prices
More
