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Whale’s $96.3 Million Bitcoin, Ether Shorts Show $2.75 Million in Unrealized Gains

The positions covered 620.71 Bitcoin (BTC) and 22,050 Ether (ETH), with leverage of 40x and 25x, respectively.

By Enna Lee
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Mentioned assets
Two metal coin forms balance on a narrow steel lever. / TokenPost.ai
Two metal coin forms balance on a narrow steel lever. / TokenPost.ai

After three months of inactivity, a whale opened leveraged short positions totaling $96.33 million in Bitcoin (BTC) and Ether (ETH), with $2.75 million in unrealized gains.

The trader shorted 620.71 BTC, worth about $47.77 million, using 40x leverage. The 22,050 ETH position was worth about $48.56 million and used 25x leverage.

The positions were close in dollar value, while the Bitcoin short carried higher leverage. Unrealized gains are profits on positions that have not been closed.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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