Whale's Short Positions on BTC, ETH and Other Major Coins Suffer Over $7M Loss

Whale's Short Bet Backfires with Massive Loss

According to the latest data from Onchain Lens, a whale that previously dumped large amounts of BTC has built leveraged short positions on multiple major cryptocurrencies on January 3. However, the market moved against the position, resulting in floating losses exceeding $7 million.

Detailed Positions and Leverage Breakdown

The whale opened the following leveraged short positions:

• BTC: 10x leverage
• ETH: 15x leverage
• SOL: 20x leverage
• XRP: 20x leverage
• STBL: 3x leverage

Although the position once generated $5.5 million in profit, the market rebound has turned it into a $2.5 million loss.

Market Trend and Strategy Outlook

This event highlights the risks associated with leveraged shorting in today's volatile crypto market. As volatility increases, such strategies may lead to significant losses for investors who rely too heavily on leverage.