Whale Opens New $34.3M Bitcoin Short Position Despite $33.64M Overall Loss

BTC-2.44%
DASH-2.8%

Gate News bot message, a whale known as “255 $BTC sold to Short” has opened a new $BTC short position with 40x leverage, using 521.69 $BTC worth $34.3M. The whale continues to hold its $DASH short position with 5x leverage, currently showing $4M profit. However, the whale’s overall position remains in a loss of over $33.64M.

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

Strategy Bitcoin holdings have a floating loss of 8.8%, approximately $5.08 billion

On March 22nd, Bitcoin's price declined 2.36% to $69,023, with Strategy's Bitcoin position experiencing an unrealized loss of 8.8%, approximately $5.08 billion. Previously, the price had briefly surpassed $76,000, during which the position was temporarily profitable. As of March 15th, Strategy held 761,068 BTC with a total cost basis of approximately $57.61 billion.

GateNewsJust Now

Fractal model predicts Bitcoin will hit bottom in October 2026

Bitcoin shows positive recovery signals, improving market sentiment after a long phase of volatility. However, experts believe the current uptrend is short-term, with deeper correction risks ahead. According to Crypto Rover's fractal model, Bitcoin's price follows a four-year cycle influenced by halving events. The current cycle likely peaked in late 2025, with further declines expected before a potential bottom around 2026. Short-term price fluctuations can mislead investors, emphasizing the importance of understanding these cycles for long-term trends.

TapChiBitcoin1m ago

Bitcoin Mining Cost Rises to $88,000, Miners Lose Approximately $19,000 Per Coin

Rising energy prices and tensions in the Middle East have increased Bitcoin mining costs, with current production costs around $88,000 per BTC. Miners are losing nearly $19,000 per coin, representing an overall loss of 21%. Network mining difficulty has decreased by 7.8%, hashrate has declined, and the market may face selling pressure.

GateNews1h ago

Trump Issues 48-Hour Ultimatum to Iran, Bitcoin Drops Below 69,200 on Weekend

On March 22, following Trump's ultimatum to Iran, Bitcoin fell below $69,200, declining 2.2% over 24 hours. Market sentiment impacted mainstream crypto assets broadly, with declines across the board despite the Federal Reserve maintaining interest rates unchanged. War risk has made traders cautious. If Iran fails to restore Strait of Hormuz passage, the conflict could escalate, impacting global energy transportation.

GateNews1h ago

Kentucky Push to Regulate Bitcoin ATMs Snags Hardware Wallet Providers in Legal Crosshairs

An amendment to Kentucky’s House Bill 380 has sparked controversy for proposing to impose strict requirements on hardware wallet providers. Spotlight Shifts to Hardware Providers A last-minute amendment to a Kentucky regulatory bill has ignited a fierce debate between state lawmakers and the

Coinpedia1h ago
Comment
0/400
No comments