TechFlow, September 6 — According to on-chain analyst EmberCN (@EmberCN), a whale address that lost $10.67 million yesterday chasing ETH after the NFP data release—bringing its total losses from long ETH positions to $35.84 million—has now switched to shorting BTC.
After stopping out of all its ETH long positions last night, the address has gradually opened short BTC positions over the past five hours. It has now shorted 1,107 BTC, with a position value of $122 million. The entry price was $111,390 and the liquidation price is $116,824, currently showing an unrealized profit of $830,000.
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