TechFlow reports, July 15, according to monitoring by on-chain analyst Ai Yi (@ai 9684xtpa), address 0xf83…96728 currently holds 20x long positions of 12,832 ETH and 20x short positions of 366 BTC, with the notional value of both positions being approximately $24 million each.
Although its BTC long position has an unrealized profit of approximately $216,000, the ETH short position has an unrealized loss of approximately $4.07 million. Due to Ethereum rising stronger than Bitcoin in this rebound, the strategy of shorting the ETH/BTC exchange rate by this address suffered a significant drawdown, currently with an overall unrealized loss of approximately $3.856 million.
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