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
Ondo Finance Issues Tokenized Securities in IBIT and GLXY
The essay discusses the recent entry of large companies and ETFs into the tokenized securities market, highlighting growth driven by regulatory support and increasing institutional demand, with Ondo Global Markets managing over 250 tokenized instruments valued at nearly $2.6 billion.
CryptoBreaking4h ago
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.
Decrypt4h ago
Today's Top 100 Token Market Cap Gainers and Losers: TAO up 13.94% leading gains, RIVER down 10.80% leading losses
On March 20, the performance of the top 100 cryptocurrency tokens by market cap: Bittensor (TAO) rose 13.94%; River (RIVER) fell 10.80%. Other tokens that gained include Kite, FET, Aptos, and SHIB, while tokens that declined include MemeCore, Kaspa, Worldcoin, and XDC Network.
GateNews6h ago
Senator Cramer Urges CLARITY Act Markup Before Easter
Senator Kevin Cramer urged Congress to expedite the CLARITY Act before Easter to prevent legislative delays affecting crypto regulation. He discussed banking concerns and stablecoin reward structures, emphasizing the need for swift action to maintain U.S. leadership in digital assets.
CryptoFrontNews6h ago
BTC falls below 70000 USDT, intraday decline of 0.09%
Gate News, on March 20th, according to market data, Bitcoin broke below the 70,000 USDT level, currently trading at 69,991.06 USDT, with a daily decline of 0.09%.
GateNews8h ago
