Back

Altcoin Short Seller Shows $86.36 Million Total Profit Across 29 Positions

The account’s open short positions are currently down $4.06 million, with total exposure near $47.66 million across altcoins including ZEC, TON, NEAR, LIT and CL crude oil.

TON
NEAR
ZEC

Summary

An account that previously made about $86.36 million shorting altcoins is now showing a $4.06 million unrealized loss across 29 short positions, according to the provided data. The portfolio’s total position value is near $47.66 million and includes 28 altcoins such as ZEC, TON, NEAR and LIT, along with CL crude oil futures. The figures indicate that despite large cumulative profits from prior short trades, the currently open basket is trading at a loss.

Terms & Concepts
  • Shorting: A trading strategy that aims to profit from falling prices by selling borrowed assets and later buying them back at a lower price.
  • Altcoins: Cryptocurrencies other than Bitcoin, often traded with higher volatility and lower market depth than the largest digital assets.
  • Unrealized loss: A paper loss on open positions that reflects current market prices but is not locked in unless the positions are closed.