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TechFlow, Sept. 12 — According to on-chain analytics platform Lookonchain (@lookonchain), as the market rebounds, a whale with the address 0x5D2F is currently facing floating losses exceeding $8.6 million on its short positions in BTC and ETH. To avoid liquidation, the whale has deposited $8 million in USDC to increase its margin. Current short positions:
2,041 BTC (approximately $236 million)
500 ETH (approximately $2.25 million)
According to on-chain analytics platform Lookonchain (@lookonchain), as the market rebounds, whale 0x5D2F's short positions in BTC and ETH are currently underwater by over $8.6 million. To avoid liquidation, he has deposited $8 million USDC to increase margin. Current short positions: 2,041 BTC (approximately $236 million) and 500 ETH (approximately $2.25 million).
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