Whale Holds Short Positions in 28 Altcoins and Crude Oil Worth Approximately $47.66 Million

On May 9, according to monitoring by Ai Yi, a whale that had previously shorted a basket of altcoins has accumulated historical profits of up to $86.36 million. Currently, it holds short positions in 28 altcoins including ZEC, TON, NEAR, and LIT, as well as in crude oil (CL), with a total position value of approximately $47.66 million, and continues to increase its holdings. From the timeline, May 4 marked its breakeven point. Prior to this, its overall position remained in profit; however, as market expectations for the end of the Middle East conflict increased and the cryptocurrency market rebounded, its short position portfolio gradually turned underwater.

ZEC3.49%
TON-2.5%
NEAR-0.87%
LIT3.3%
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