Whale Reopens $70.76M BTC and ETH Short Position – Faces $1.42M Floating Loss
A whale reopened a $70.76 million short position** in BTC and ETH after securing a **$3.277 million profit from a previous trade. The position consists of 912.93 BTC (entry: $59,137) and **10,000 ETH** (entry: $1,532), totaling approximately $70.79 million. The whale is now facing a **$1.418 million floating loss**. Traders are monitoring key support and resistance levels to determine whether a stop-loss strategy may be necessary.
Risk reminder: Even large players face significant losses in volatile markets. High-leverage short positions carry extreme risk of liquidation if prices move against the trader.
