The largest DASH short position switched from short to long yesterday and is now facing an unrealized loss of $15.8 million.
BlockBeats News, February 5, according to monitoring by Lookonchain, the "largest DASH short seller" closed short positions in BTC, ETH, SOL, and XRP one after another yesterday, then switched to long positions, and is currently facing an unrealized loss of $15.8 million.
The address's total profit and loss over the entire period also shifted dramatically from a profit of $25.5 million to a loss of $15.3 million.
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
Tom Lee Sees Fed Rate Hike Today: Predicts a Big Equity Rally
Indian Rupee: Inflation and trade reshape INR – Commerzbank
SoftBank CDS Approaches Three-Year High! Concerns Over OpenAI Financing Intensify, “Paper Wealth” Fails to Alleviate Cash Crunch
The credit default swaps (CDS) of SoftBank Group are hovering near a three-year high. Traders are assessing the potential impact of OpenAI’s financing plans, as OpenAI is one of SoftBank’s largest bets.

Grab (GRAB.US) acquires 60% stake in buy-now-pay-later platform Atome for 1.49 billion USD, betting on consumer credit as the "next frontier"
Grab plans to first acquire 60% of Atome Financial with $1.49 billions in cash, and then purchase the remaining 40% after approximately two years.

