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A whale shorting the ETH/BTC exchange rate is currently sitting on an unrealized loss of over $3.85 million
BlockBeats report: On July 15, according to on-chain analyst ai_9684xtpa monitoring, the address 0xf83…96728 currently holds 12,832 ETH short positions with 20x leverage and 366 BTC long positions with 20x leverage; the value of both positions is about $24 million.
Due to ETH rising more strongly than BTC in this rebound, this address’s ETH position has an unrealized loss of about $4.07 million, while its BTC position has an unrealized gain of about $216k. The overall unrealized loss is about $216k.