On-chain silver drops more than 5.6% intraday, "largest silver short" sees profit on short positions of over 10 million expand to $1.9 million
BlockBeats news, on March 13, according to Hyperinsight monitoring, the price of silver in the US stock market continued to decline before the opening, and the SILVER (silver mapping contract) on Hyperliquid fell below the $82 mark, currently quoted at $81.9, with a 24-hour drop of 5.6%.
Driven by this, the platform's "largest silver short" whale (0x007) saw the floating profit of its 20x leveraged SILVER short position further expand to $1.98 million, with a return rate of 46.5%. Currently, its position size is about $12.15 million, with an average holding price of $95.1, and the liquidation price is set at $108.
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.
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