20 Consecutive Short Wins Whale Experiences Major Pullback: Unrealized Loss Exceeds $15.5 Million, Total Profit Shrinks by Nearly 55%
BlockBeats News, April 17th, according to data from lookonchain, a well-known trader's address pension-usdt.eth experienced a significant drawdown during this round of market rebound, with a substantial unrealized loss on their short positions. The address currently holds approximately 1,000 BTC (about $77.5 million) and 20,000 ETH (about $48.7 million) in short positions, totaling an unrealized loss of over $15.5 million.
As a result, their historical cumulative profit has plummeted from a peak of around $33.28 million to approximately $14.98 million, a nearly 55% drawdown.
It is worth noting that this trader had previously set a record of 20 consecutive profitable trades with a win rate of over 85%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japan’s Takaichi says in close contact with US financial authorities on currency market
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
Yen breaches the 160 level again! Japanese finance minister vows to "join forces" with the US Treasury to address unilateral volatility
After the yen fell below the critical 160 level, the Japanese finance minister stated that Japan would closely cooperate with the US Treasury Department to address unilateral volatility, reigniting speculation of joint intervention.
Crypto prices
More
