ETH Whale’s $9.75M Short Gains Vanish as Prices Rebound

An on-chain report reveals that a crypto whale is facing a $4.69 million unrealized loss on its Bitcoin and Ethereum long positions, after reversing a previous profit of $5.5 million. The whale holds 1,260 BTC worth $132.5 million and 19,894 ETH worth $74.44 million. Despite the losses, it has continued to add to its positions, reflecting ongoing confidence in the market.

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