BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, the on-chain largest long whale (0x8af) holds positions in US stocks, the crypto market, and precious metals. Currently, it is long over $20 million on XYZ100 (Nasdaq 100 index futures), long the same scale on BTC, and short $12 million on silver, making it the largest on-chain silver short. Due to the recent pullback in US stocks and the crypto market, along with silver maintaining high levels and slightly rising, this address experienced a double whammy of long and short losses, with three positions continuously increasing in unrealized losses.
Currently, the main loss for this address comes from its 40x leveraged BTC long position, with a position size of approximately $23.2 million, an average entry price of $10.08 million, and an unrealized loss of $13.8 million, representing a loss of 2,376%. Additionally, the address still has $14.25 million in pending orders, planning to add to its BTC long positions between $55,000 and $59,000.
This whale is long on core US stock indices and major assets like BTC, while also holding short positions in a dozen altcoins as hedges, with a strategy leaning towards betting on the relative strength of mainstream assets. Despite recent misjudgments and commodity-related holdings dragging down overall returns, its full-cycle profit remains at $51 million.
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
Bitcoin Volatility Rising Again — Investors Are Turning to Everlight Shards for Passive BTC Rewards
Bitcoin opened 2026 with a brief window of relative calm — and then the market remembered what it does best. Geopolitical tensions, a derivatives market running on elevated leverage, and a macro environment still digesting shifting interest rate expectations have combined to push Bitcoin’s
CryptoPotato10m ago
BTC & ETH Entering a New Era? Analysts Say Yes — This Platform Is Already Paying Real BTC Rewards
Grayscale called it the “dawn of the institutional era.” Bitwise predicted Bitcoin will break its four-year cycle and set new all-time highs. Bitcoin Suisse published a scenario where Bitcoin approaches $180,000 and Ethereum reaches $8,000 on the back of Fed rate cuts and accelerating institutiona
CryptoPotato17m ago
BTC fell 0.61% in 15 minutes: The net inflow to exchanges and outflow of ETF funds resonated, causing short-term selling pressure.
2026-03-29 22:00 to 22:15 (UTC), the BTC price fell 0.61% over 15 minutes. The price range was 66,230.0 to 66,716.0 USDT, with a volatility of 0.73%. During the period, market fluctuations intensified, attention increased noticeably, and capital flows moved in sync with the downward price trend.
The main drivers of this unusual move are sustained net inflows of large on-chain funds to exchanges and continuous net outflows of ETF funds. From 22:00 to 22:15, major trading platforms’ BTC/USDT trading volume rose by about 30% compared with the prior 15 minutes, and net on-chain inflows were 8,420
GateNews19m ago
Potential Bitcoin crash below $60K may delay recovery to 2027: Data
Bitcoin’s (BTC) return to all-time highs may depend on how deep the current drawdown extends, with deeper declines historically lengthening recovery times.
A deeper drawdown could push Bitcoin’s recovery into Q2 2027, as larger declines historically take longer to recover from.
Bitcoin drawdown de
Cointelegraph1h ago
