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A certain whale address chased the ETH price surge last night, losing $10.67 million, and then switched to shorting BTC, with a position worth $122 million.
BlockBeats News, September 6th, according to on-chain data analyst Yu Jin's monitoring, a whale address, after losing $10.67 million chasing the rise of ETH following last night's non-farm payroll data, and suffering a total loss of $35.84 million in longing for ETH, has now turned to shorting BTC.
After liquidating all its ETH long positions last night, the address has been gradually shorting BTC over the past 5 hours. It has currently shorted 1,107 BTC, with a position value of $122 million. The entry price is $111,390, the liquidation price is $116,824, and it currently has an unrealized profit of $830,000.
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