Whale "sat0shi777" Gets Stuck Holding Long and Short Positions Simultaneously, with a Combined Position of $102 Million Facing a Total Loss of Over $3 Million

BlockBeats News, June 28th, according to EmberCN monitoring, an on-chain whale address named "sat0shi777" recently executed a rare long and short double-sided position liquidation.

On June 24th, the whale opened a long position for 468 BTC at an average price of $62,729, with a position value of approximately $29.38 million. Subsequently, Bitcoin dropped below $60,000, and the long position is currently at a floating loss of about $1.86 million.

Yesterday morning, during the bearish market, the whale shorted 47,500 ETH at an average price of $1,536, with a position value of approximately $72.94 million. However, ETH did not continue to drop thereafter, and the short position is currently at a floating loss of about $1.23 million.

The combined market value of the two positions is approximately $102 million, with a current total floating loss of over $3.09 million, both long and short positions are facing losses.