Whale Investor's Bitcoin Short Position Suffers $10 Million Loss

A whale investor's Bitcoin (BTC) short position has incurred significant losses as the cryptocurrency continues to soar in value. According to monitoring data from Hyperinsight, the unrealized loss on the BTC short position held by the whale pension-usdt.eth has increased to approximately $10 million.

The position, which was opened on April 2 and has been held for one month without any actions taken, is valued at over $78 million. The average opening price of this short was $67,992 with a liquidation price of $100,667.6.