Whales Hold Over $180 Million in Crypto Shorts on Hyperliquid
Despite unrealized losses exceeding $10 million on Bitcoin and Ethereum long positions, a crypto whale continues to hold significant stakes, including 1,260 BTC and 19,894 ETH.
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Summary
A crypto whale is facing an unrealized loss of over $10 million on long positions in Bitcoin and Ethereum, having given back $5.5 million in profits. Currently, the whale holds 1,260 BTC worth $132.5 million and 19,894 ETH worth $74.44 million, showing continued confidence in the market despite losses.
Terms & Concepts
- Unrealized Loss: A loss on an investment that has not yet been realized through selling the asset; reflects paper losses based on market price fluctuations.
- Crypto Whale: A term used for individuals or entities that hold large amounts of a cryptocurrency, often influencing market movements with their trades.