「Lightning Kickback」 Whale Simultaneously Short Selling BTC and ETH with Unrealized Loss of Over $1 Million
BlockBeats News, January 27th, according to HyperInsight monitoring, the "Lightning Backhand" whale (0x50b30) shorted 684.54 BTC with 20x leverage, with an average entry price of $87,428.6, resulting in a unrealized loss of $700,000; shorted 10,112.2 ETH with 25x leverage, with an average entry price of $2,898.77, resulting in an unrealized loss of $339,000.
This address is known for its rapid long and short position changes, often engaging in large-scale reverse positions immediately after closing.
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
Papa John's on a Quality Quest as its Shares Stall -- WSJ
OGE Energy Set for 'Steady Stream' of Positive Updates in Next 12 Months, RBC Says
Solid Biosciences' Duchenne Muscular Dystrophy Approach, FDA Shift Support Upside, RBC Says
Lahontan Gold to Acquire Emergent Metals in All-Shares Transaction
Crypto prices
More
