ChainCatcher report, according to Onchain Lens monitoring, as prices rise, the 3x leveraged short positions in BTC and ETH held by the whale "pension-usdt.eth" are currently experiencing unrealized losses exceeding $10 million. The 1,000 BTC, valued at $75.64 million, have incurred a loss of $6.7 million; the 10,000 ETH, valued at $23.6 million, have incurred a loss of $3.46 million.
Whale 'pension-usdt.eth' Incurs Over $10M in Unrealized Losses on BTC and ETH Short Positions
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Summary
The whale 'pension-usdt.eth' is facing over $10M in unrealized losses on its BTC and ETH short positions as prices rise. The position consists of 1,000 BTC with a $6.7M loss and 10,000 ETH with a $34.6M loss. Traders are closely monitoring key support and resistance levels to evaluate further risk. A robust stop-loss strategy is now critical for managing exposure in the current market environment.
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