A cryptocurrency whale, identified by the address 0xa523, has incurred a $614,000 loss after switching from a long to a short position on Ethereum. This follows a previous loss exceeding $35 million on his Ethereum long position. Despite these setbacks, the whale continues to hold a significant short position of 1,351 Bitcoin, valued at approximately $150 million.
Crypto Whale Faces $614K Loss After Flipping to Short Position
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.