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The "Long to Short Flip" Whale Initiates ETH Long Hedge Position, with a Total Unrealized Loss of $240,000

2 hours ago

On December 31, monitoring from HyperInsight (via https://t.me/HyperInsight) shows the whale address 0x50b30 took a 20x-leveraged short position on 798.73 BTC (valued at ~$70.72 million) and opened an 18x-leveraged long position on 5,626.42 ETH (valued at ~$16.71 million) as a hedge. The total unrealized loss is $240,000.
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