Whale Bets Against the Trend by Increasing ETH Short Position, Single Address Faces Unrealized Loss of Over $16 Million

BlockBeats News, August 8th, according to HyperInsight monitoring, as ETH once again surged to $4000, some whales chose to add to their short positions against the trend, with their current unrealized losses continuing to expand, including:

The whale with address starting with 0x20c2d9 added $870,000 to their ETH short position, with a current unrealized loss of -$16.78 million (liquidation price $4,903);

The whale with address starting with 0x507561 added $830,000 to their ETH short position, with a current unrealized loss of -$2.16 million (liquidation price $4,488);

The whale with address starting with 0x8af700 added $950,000 to their XRP short position, with a current unrealized loss of -$7.75 million (liquidation price $5.693).