LTC faces concentrated shorting by two whales, with daily additional investment exceeding $4 million

【CryptoWorld】A wave of short-selling on LTC has appeared on the Hyperliquid contract platform. On January 14th, on-chain data tracking services detected two large short positions being opened simultaneously, with the traders behind them continuously adding to their shorts.

The market’s nickname for the “20 million wave hunter” whale took the lead. This address, which established an LTC short position today, is being gradually unwound and increased, with approximately 2,712 LTC added to the short (equivalent to $209,600 USD) in a short period. The current average entry price has risen to $78.79, and the total short position has expanded to $1,227,400 USD. Although there is an unrealized loss of $3,674 USD (a loss rate of 2.99%), since opening the position, this address has invested over $1 million USD in shorts in a single day and is still adding to it.

On the other side, the notorious short seller “Shanzhai Short Army Leader” is also active. This veteran short seller has rolled over their profitable LTC short position, increasing their holdings by 7,587 LTC (nearly $59,000 USD). After adding to the position, the average entry price was pushed down to $84.90, and the short position soared to $3,430,900 USD. More importantly, this position has already earned over $259,000 USD in unrealized gains, with a return of 75.54%. Similarly, this address has accumulated over $3 million USD in additional shorts today and continues to build positions.

The coordinated short-selling by these two whales suggests a pessimistic outlook for LTC’s short-term trend.