Whale holds $14.06 million ETH gain and $950,000 BTC short profit

  • A whale opened ETH longs and added BTC short positions.
  • The whale bought 20,000 ETH at $1,936 and shorted 650 BTC at $84,057.
  • Ember reported current unrealized profits of $14.06 million on ETH and $950,000 on BTC.

A prominent cryptocurrency whale opened a long position in 20,000 ETH at $1,936 during the early stages of the current market cycle and now has an unrealized profit of $14.06 million after Ethereum's rally. The same entity opened a short position in 650 BTC at $84,057 on the morning of the report. The position was valued at $53.68 million and had generated an unrealized profit of $950,000 as Bitcoin prices declined, according to on-chain analyst Ember.

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