Whale Faces $8.6M Loss as BTC & ETH Prices Surge
Whale 0x5D2F suffers $8.6M unrealized loss as BTC and ETH rebound, forced to deposit $8M USDC to avoid liquidation.
- Whale 0x5D2F suffers over $8.6M in short losses.
- Deposits $8M USDC to prevent liquidation.
- Holds major short positions in BTC and ETH.
As the crypto market stages a strong rebound, one major trader is feeling the heat. Whale 0x5D2F, known for placing aggressive short positions, has seen his bets turn against him. With over $8.6 million in unrealized losses on Bitcoin and Ethereum shorts, the whale has had to act fast to keep his positions afloat.
The losses come as Bitcoin has regained upward momentum, pushing short-sellers into dangerous territory. Whale 0x5D2F currently holds a massive short position of 2,041 BTC, valued at around $236 million, and 500 ETH, worth approximately $2.25 million.
$8M USDC Deposit to Delay Liquidation
In a bid to avoid being liquidated, 0x5D2F deposited 8 million USDC to strengthen his margin positions. This move reflects the increasing pressure on leveraged traders during market rallies, especially those with sizable shorts.
Liquidation risk rises as prices move further away from entry points. For 0x5D2F, this added margin is a temporary lifeline, but continued price climbs could spell more trouble.
This situation highlights the risks large traders face when betting against the market momentum. Even whales aren’t immune to volatility.
Will the Whale Survive the Squeeze?
With BTC and ETH gaining strength, the crypto market seems to be entering a bullish phase. If this trend continues, whale 0x5D2F may have to either close his positions at a significant loss or inject even more collateral.
Short squeezes like this often lead to even sharper price increases, creating a feedback loop that punishes those betting on a downturn. For now, all eyes are on whale 0x5D2F and whether he can weather the storm — or become its next casualty.
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