「Lightning Kickback」 Whale Simultaneously Short Selling BTC and ETH with Unrealized Loss of Over $1 Million
BlockBeats News, January 27th, according to HyperInsight monitoring, the "Lightning Backhand" whale (0x50b30) shorted 684.54 BTC with 20x leverage, with an average entry price of $87,428.6, resulting in a unrealized loss of $700,000; shorted 10,112.2 ETH with 25x leverage, with an average entry price of $2,898.77, resulting in an unrealized loss of $339,000.
This address is known for its rapid long and short position changes, often engaging in large-scale reverse positions immediately after closing.
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