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Whale Opens $10.77 Million Short Position on Bitcoin with 20x Leverage

On-chain analyst Ai Yi reveals a whale's substantial short positions in BTC and ETH, indicating a strong bearish sentiment in the market.

BTC
ETH

Summary

On June 26, on-chain analyst Ai Yi reported that a whale has increased its short position to $246 million, yielding a profit of $1.094 million. The whale holds a BTC short position of 1,400 BTC with 40x leverage, valued at $150 million, opened at $106,808, and an ETH short position of 40,000 ETH with 25x leverage, valued at $96.89 million, opened at $2,454.91.

Terms & Concepts
  • Short Position: A trading strategy that involves selling an asset with the expectation that its price will decline, allowing the trader to buy it back at a lower price.
  • USDC: A stablecoin pegged to the US dollar, used for digital transactions and trading in the cryptocurrency market.
  • Hyperliquid: A decentralized trading platform that allows users to trade cryptocurrencies with high liquidity and leverage.