BlockBeats report, February 28: According to Hyperinsight monitoring, the spot price of silver has continued to rise this month, briefly surpassing $94 last night and early this morning. Affected by this market movement, the whale address (0x8af), which has been shorting silver since January 28, has seen its unrealized loss expand to $1.28 million, a decline of 85%.
This address currently holds a short position of approximately $10.47 million in SILVER (Silver Mapping Contract), with an average entry price of $83.1 and a liquidation price of $105, making it the largest on-chain silver short.
It is reported that after establishing a position in this address last month, it initially recorded significant unrealized gains; however, as the market recently turned upward and the position shifted from profit to loss, it began gradually reducing its position. Over the past five days, approximately $4.4 million has been closed out.