TechFlow news, May 13 — according to on-chain analyst Ember (@EmberCN), two whale addresses have recently initiated large-scale short positions on BTC, ETH, and SOL.
Address 0x5b5d has used 50.5 million USDC since May 9 to short $228 million worth of cryptocurrencies with 5x leverage, currently holding an unrealized profit of $6.38 million;
Address 0xB83D has used 33 million USDC since May 9 to short $92.1 million worth of cryptocurrencies with 3x leverage, currently holding an unrealized profit of $220,000.
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