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Whale Short Position Faces $6M Unrealized Loss as Crypto Market Rallies
GateNewsBot
Gate News bot message, a whale trader who previously sold 255 BTC to initiate short positions is now holding approximately $225.8M in short positions across BTC, ETH, SOL, and SUI, with over $6M in unrealized losses. According to Lookonchain, trader 0x94d3 opened additional shorts on 1,360 BTC ($119M), 36,281 ETH ($106M), and 348,215 SOL ($43M) over a 5-hour period on December 29. The trader’s PnL has shifted from a $7.7M profit to a $1.7M loss.
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