BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, the on-chain largest long whale (0x8af) holds positions in US stocks, the crypto market, and precious metals. Currently, it is long over $20 million on XYZ100 (Nasdaq 100 index futures), long the same scale on BTC, and short $12 million on silver, making it the largest on-chain silver short. Due to the recent pullback in US stocks and the crypto market, along with silver maintaining high levels and slightly rising, this address experienced a double whammy of long and short losses, with three positions continuously increasing in unrealized losses.
Currently, the main loss for this address comes from its 40x leveraged BTC long position, with a position size of approximately $23.2 million, an average entry price of $10.08 million, and an unrealized loss of $13.8 million, representing a loss of 2,376%. Additionally, the address still has $14.25 million in pending orders, planning to add to its BTC long positions between $55,000 and $59,000.
This whale is long on core US stock indices and major assets like BTC, while also holding short positions in a dozen altcoins as hedges, with a strategy leaning towards betting on the relative strength of mainstream assets. Despite recent misjudgments and commodity-related holdings dragging down overall returns, its full-cycle profit remains at $51 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
El Salvador advances the reform of Bitcoin education initiatives within the public education system
BlockBeats News, February 24 — According to DL News, El Salvador is further advancing its Bitcoin experiment through a new public education initiative. The Bitcoin Diploma 2.0, launched by the El Salvador National Bitcoin Office on Sunday, is a "complete reimagining of its educational program."
The first batch of teaching materials has been printed and will be used in El Salvador's education system. The program is scheduled for full implementation in public schools by 2026.
GateNewsBot7m ago
Hyperscale Data Bitcoin holdings increase to approximately 605 coins, with a market value of $41 million.
Hyperscale Data announces that its Bitcoin treasury has increased to 605.9923 BTC, with a market value of approximately $41 million. Its subsidiary Sentinum holds 559.8663 BTC, with the goal of increasing the value to $100 million.
GateNewsBot7m ago
The National Bank of the United Arab Emirates has opened the possibility of allocating Bitcoin in the investment process.
An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.
GateNewsBot15m ago
Strategy Marks 100th Bitcoin Purchase, Expands Holdings to 717,722 BTC After $39.8 Million Buy
Strategy completed its 100th Bitcoin purchase and now holds 717,722 BTC across six years.
The company funded the 592 BTC buy through share sales instead of debt financing.
Several smaller public firms reduced Bitcoin holdings while Strategy expanded its position.
Strategy completed its 1
CryptoNewsLand51m ago
