Whale Address Faces Significant Losses on BTC and ETH Short Positions

PANews posted on X (formerly Twitter). According to analyst Yu Jin, the whale address pension-usdt.eth has incurred substantial unrealized losses after shorting Bitcoin (BTC) and Ethereum (ETH) with a threefold leverage at the beginning of the month. The address initially shorted approximately $110 million worth of BTC and ETH at the market's low point. However, as the market rebounded in April, these positions have resulted in an unrealized loss of about $15.25 million. Specifically, the address shorted 1,000 BTC at an average price of $67,992, leading to an unrealized loss of approximately $10.57 million, with a liquidation price around $99,394. Additionally, it shorted 20,000 ETH at an average price of $2,132, resulting in an unrealized loss of about $4.68 million, with a liquidation price near $3,400.