Crypto Trader Faces $36.07M Unrealized Loss After ETH and XRP Long Positions Downturn
A whale once profiting from major shorts now faces steep losses as $220M in ETH and XRP longs suffer during market decline, according to analyst Ai Yi.
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Summary
Analyst Ai Yi reported that address 0x9ee, previously associated with CZ, ranked highest in HyperLiquid’s 24-hour and 7-day loss charts. The trader’s $220 million in Ethereum and XRP long positions have accumulated $36.07 million in unrealized losses, with ETH accounting for $22.71 million of the downturn. Peak profits of $61.88 million have dropped sharply to $6.42 million, highlighting the risks of large leveraged positions in volatile markets.
Terms & Concepts
- Long Position: A trading strategy involving buying an asset in expectation that its price will rise.
- Leverage: The use of borrowed funds to increase potential returns, which also amplifies potential losses.