A certain whale address chased the ETH price surge last night, losing $10.67 million, and then switched to shorting BTC, with a position worth $122 million.
BlockBeats News, September 6th, according to on-chain data analyst Yu Jin's monitoring, a whale address, after losing $10.67 million chasing the rise of ETH following last night's non-farm payroll data, and suffering a total loss of $35.84 million in longing for ETH, has now turned to shorting BTC.
After liquidating all its ETH long positions last night, the address has been gradually shorting BTC over the past 5 hours. It has currently shorted 1,107 BTC, with a position value of $122 million. The entry price is $111,390, the liquidation price is $116,824, and it currently has an unrealized profit of $830,000.
You may also like

Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?

a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge

Why did the star Web3 project Across Protocol choose to abandon DAO?

In fact, ETH scaling is a major benefit for L2

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

The Cryptographic Past of the Middle East

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

On the eve of the explosion of on-chain options

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
