A whale takes a 3x short position worth $110 million in BTC and ETH, currently facing an unrealized loss of $15.25 million

According to Odaily, monitoring by on-chain analyst Yujin @EmberCN shows that the whale address pension-usdt.eth took a 3x leveraged short position worth approximately $110 million in BTC and ETH at the beginning of the month. It is currently facing an unrealized loss of about $15.25 million.

Specifically, the address shorted 1,000 BTC at $67,992, with a current unrealized loss of approximately $10.57 million and a liquidation price of $99,394. It also shorted 20,000 ETH at $2,132, with a current unrealized loss of about $4.68 million and a liquidation price of $3,400.