Whale Adjusts SILVER Short Position with Expanding Loss of $4.4M

Whale Actively Adjusts SILVER Short Position

On January 27, data from Coinbob Hot Address Monitoring revealed that a major whale address (0x61c...) actively repositioned its 20x leveraged SILVER short trade. It first closed 20% of its position at around $105 per SILVER, then added to its short position at $112, employing a tactical 'T+0' approach to manage short-term volatility.

Average Entry Price Rises, Unrealized Loss Widens

The whale's total short position in SILVER now stands at $35.3M, with the average entry price increasing from $93.1 to $97.4. As a result, the unrealized loss has widened to approximately $4.2M, representing a 47% drawdown. The liquidation price is set at $135, suggesting further risk if prices continue to rise in the near term.

Consistent Buying to Lower Average Cost

In recent days, the whale has deposited around $6.6M into the Hyperliquid platform, primarily to add to its short position. The cumulative increase in position size now exceeds $15M, indicating a strong bearish outlook on SILVER's price trajectory.