long position in ETH and BTC
A whale that previously held a “$140 Million Short” position now has a combined long position in Ethereum and Bitcoin worth $163 Million, reflecting a loss of $3.62 Million. This shift indicates a significant change in investment strategy for the whale, who has moved from a short position to a long one in these two major cryptocurrencies. The current valuation of the long position suggests that market conditions may not be favorable for the whale at this time. The loss of $3.62 Million highlights the volatility and risks associated with trading in the cryptocurrency market. Investors are closely monitoring such movements, as they can signal broader trends within the crypto landscape.
