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Since the beginning of the month, the whale shorting BTC has incurred an unrealized loss of over $9 million and is now the largest on-chain Bitcoin short.
BlockBeats message, April 22. According to Hyperinsight monitoring, the wave-trading whale “pension-usdt.eth” address (0x0ddf…) has been in a loss position since opening a BTC short at the beginning of this month. During today’s market upswing, the position has recorded a loss of $9 million.
Currently, after completing its position build, the address has not closed the position. It holds a BTC short position with a notional value of $77.14 million and an ETH short position with a notional value of $47.15 million. It is also the largest short position for both BTC and ETH on Hyperliquid, with total losses exceeding $13 million.
Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902