Following the 1011 flash crash, a significant market downturn led to a dramatic reduction in unrealized profits for a major shorting account. Within just 1.5 hours, the account's unrealized profit plummeted from approximately $40.39 million to $13.09 million. After accounting for $7.7 million in funding fees, the net unrealized profit stood at only $5.39 million. The initial short positions were opened at ETH $3161.85, BTC $91,506.7, and SOL $130.19.
Shorting Whales Face $35 Million Loss in Unrealized Profits Post-Flash Crash
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.
