A smart money address, previously known for a 25-game winning streak, has incurred significant losses on its short positions in Bitcoin (BTC), Solana (SOL), and Monero (MON), with weekly unrealized losses surpassing $19.7 million. On-chain data reveals that the recent market rebound forced the address to begin closing its short positions.
The address's 40x leveraged Bitcoin short position has been reduced to 99 BTC, with a liquidation price of $89,867. Its 20x leveraged SOL short position now stands at 50,713 SOL, with a liquidation price of $143, while the 5x leveraged MON short position has decreased to 24.028 million MON, with a liquidation price of $0.0564. The address's previous winning streak ended last Friday when its long positions were liquidated during a short-term market crash.
Smart Money Address Faces $19.7M Losses on BTC, SOL, MON Shorts
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