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Whale Address Posts $9M Unrealized Loss on BTC Short After Month-Long Decline, Becomes Largest Short on Hyperliquid

GateNews
Derivatives Databitcoin news
BTC-0.05%
ETH-0.36%

Gate News message, April 22 — A whale address (pension-usdt.eth, 0x0ddf...) that established a BTC short position in early April has recorded an unrealized loss of $9 million as of today's market rally, according to Hyperinsight monitoring.

The address currently holds $77.14 million in BTC shorts and $47.15 million in ETH shorts without closing either position, making it the largest short holder for both BTC and ETH on Hyperliquid. Total unrealized losses exceed $13 million.

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