Whale Short Position Faces $6M Unrealized Loss as Crypto Market Rallies

2026-01-06 01:48:03

Gate News bot message, a whale trader who previously sold 255 BTC to initiate short positions is now holding approximately $225.8M in short positions across BTC, ETH, SOL, and SUI, with over $6M in unrealized losses. According to Lookonchain, trader 0x94d3 opened additional shorts on 1,360 BTC ($119M), 36,281 ETH ($106M), and 348,215 SOL ($43M) over a 5-hour period on December 29. The trader’s PnL has shifted from a $7.7M profit to a $1.7M loss.

BTC-2,41%

ETH-2,08%

SOL-1,86%

SUI-6,53%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

3 Likes