Today, the cryptocurrency market has rebounded against the trend, with macro risk-averse whales holding gold and silver long positions and cryptocurrency short positions losing $500,000 daily
According to monitoring by HyperInsight, the risk-hedging portfolio deployed by the whale starting with 0x7c9 has encountered two-way losses within the day, with a capital drawdown exceeding $500,000. Currently, its account net worth 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-mapped contracts) and SILVR (silver-mapped contracts) long positions, while also maintaining a package of short positions worth about $6 million, covering 102 cryptocurrencies, including mainstream coins like BTC and ETH, as well as various altcoins, attempting to hedge against extreme risks. However, the market trend has completely diverged from its preset direction: precious metals have declined during the day, while the crypto market has shown some recovery. Both long and short positions are under pressure, and all previous floating profits have been fully reversed.
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