Whale 0xa523 Suffers $36M Loss on ETH, Switches to BTC Short Position

Gate News bot message, A prominent whale trader identified as 0xa523 has closed all Ethereum (ETH) long positions, resulting in a loss exceeding $36 million. Following this closure, the trader immediately transitioned to a short position on Bitcoin (BTC) with 25x leverage, establishing a position of 1,107 BTC valued at $122.4 million.

According to Lookonchain’s earlier report, the whale had previously experienced significant losses, closing a long position of 41,931 ETH ($179.4M) at a $10M loss just 5 hours prior. The trader’s pattern of opening long positions at market highs and closing at lows has resulted in accumulated losses surpassing $30 million in a single week.

ETH3.36%
BTC2.13%
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YAŞARMASTERvip
· 09-06 20:19
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GateUser-ab526ce3vip
· 09-06 15:23
will eth be bullish next week? prepare your ammunition everyone
View OriginalReply0
NguyenMinhHaivip
· 09-06 10:29
It's been a long time since I've seen Superman.
View OriginalReply0
Sfmovip
· 09-06 06:02
Buy To Earn 💎
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Csigaporvip
· 09-06 04:43
Thanks for the info!
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