ChainCatcher reports that, according to HyperInsight monitoring, the risk-hedging portfolio deployed by the whale starting with 0x7c9 experienced dual-direction losses within the day, with a fund withdrawal of over $500,000. Currently, its account net value is approximately $1.88 million, while the total position size remains as high as $14.07 million.
This whale previously held a heavy position of about $8 million in GOLD (gold mapping contract) and SILVR (silver mapping contract) long positions, supplemented by around $6 million in a basket of short positions covering 102 cryptocurrencies, including mainstream coins like BTC, ETH, and a variety of altcoins, attempting to hedge extreme risks through arbitrage. However, the market trend diverged completely from its expected direction: precious metals declined intraday, while the crypto market showed signs of recovery. Both longs and shorts came under pressure simultaneously, and all unrealized gains were fully wiped out.
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
Toobit Announces $200K TradFi Campaign Featuring 0.01% Maker Fees and Loss Protection
Toobit, the popular and award-winning international cryptocurrency exchange, announced a 200,000 USDT campaign, which will be focused on its integrated TradFi markets.
The move follows a recent expansion of the firm’s TradFi offerings, which enabled the direct trading of assets such as gold and g
CryptoPotato30m ago
Ethereum breaks through 2100 USDT, up 3.62% intraday
Gate News message. On March 31, market data shows that Ethereum has broken through the 2100 USDT level and is currently at 2100.12 USDT, with an intraday gain of 3.62%.
GateNews1h ago
Bitcoin breaks through 68,000 USDT, up 1.80% on the day
Gate News update: On March 31, the Bitcoin price broke through 68,000 USDT and is currently at 68,002.12 USDT. The intraday gain is 1.80%.
GateNews1h ago
Today’s top 100 cryptocurrencies by market cap: RIVER is up 21.20%, and SIREN is down 41.55%
On March 31, among the top 100 cryptocurrencies by market capitalization, River had the highest gain at 21.20%, while Siren had the largest drop at 41.55%.
GateNews2h ago
OSL Group releases 2025 full-year results, total revenue of HK$489 million hits a record high
Gate News, March 31: OSL Group released its full-year 2025 results. The data shows total revenue was HK$489 million, setting a historical high and increasing 30.4% year over year; core operating revenue was HK$534 million, up 150.1%. Platform total trading volume reached HK$201.22 billion, up 200.7%, with stablecoin trading volume accounting for 60% of total trading volume. In terms of revenue by region, Hong Kong accounted for 33% and overseas accounted for 67%.
GateNews3h ago
