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Whale shorting $74 million BTC/ETH/HYPE/SOL, only two profitable trades in nine transactions over five days.
An interesting scene has emerged.
Just 19 hours ago during a brief market rebound, the address 0x7fe…17ac6 decisively opened a short position—targeting BTC, ETH, HYPE, and SOL. Now this position is quite significant, with a total holding of 74.09 million dollars, and an unrealized profit of 1.805 million dollars. Among them, ETH performed the best, with an unrealized profit of 541,000 dollars.
That being said, this whale's trading style is quite interesting. Although it has accumulated a profit of 8.84 million USD over the past month, in the last five days, only 2 out of 9 trades were profitable. One could say it has been in a “loss-loss-gain-gain” cycle, with a win rate that isn't very high.
It seems that even big players can't always get the timing right.