🔥 The largest on-chain short positions surface!


$124 million in perpetual contracts, firmly betting on BTC and ETH to decline.

A recent on-chain query reveals shocking details of the largest short whale's positions:

🐻 Short 1,000 BTC

· Value: $78.27 million
· Entry price: $67,992
· Liquidation price: $100,828
· Unrealized loss: -$10.28 million
· Margin: $26.09 million (3x full leverage)
· Funding fee paid: -$5,710

🐻 Short 20k ETH

· Value: $45.90 million
· Entry price: $2,132
· Liquidation price: $3,414
· Unrealized loss: -$3.26 million
· Margin: $15.30 million (3x full leverage)

⚠️ Total position value: $124 million
⚠️ Total unrealized loss exceeds $13.54 million
$ETH
ETH1.4%
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