Whale Pension-Usdt.eth's Bitcoin Short Position Sees Unprecedented Loss

A prominent cryptocurrency trader known as 'whale pension-usdt.eth' has seen the unrealized loss of their Bitcoin short position escalate due to the recent surge in price.

According to Hyperinsight monitoring data, the position's value has exceeded $78 million, with an unrealized loss of approximately $10 million. The average opening price for this short was $67,992, while the liquidation price is set at $100,667.6.

The whale's Bitcoin short position has been open since April 2 and has seen no adjustments during this time. In addition to their Bitcoin short, they also hold a significant Ethereum short position worth around $46 million, resulting in an unrealized loss of about $3.4 million.