Affected by the continuous rise in spot silver prices, the largest short position in on-chain silver recently reduced holdings by $4.4 million.

GateUser-6433627c · 2026-02-28T05:48:07+00:00

On February 28th, the spot silver price continued to rise, breaking through $94, causing the giant whale address (0x8af) shorting silver to incur an unrealized loss of $1.28 million, an 85% loss. This address currently holds approximately $10.47 million in short positions, with a liquidation price of $105, and has been gradually reducing its position recently, with a total of about $4.4 million closed.

GateUser-6433627c

2026-02-28 05:48:07

Abstract generation in progress

On February 28, according to Hyperinsight monitoring, the spot silver price has been rising steadily this month, briefly surpassing $94 overnight. Influenced by this trend, the whale address (0x8af) that has been shorting silver since January 28 has seen its unrealized losses expand to $1.28 million, an 85% loss. Currently, this address still holds a short position in SILVER (Silver Mapping Contract) worth approximately $10.47 million, with an average entry price of $83.1, and a liquidation price of $105, making it the largest on-chain silver short. It is reported that after opening the position last month, the address experienced significant unrealized gains. However, as the market recently turned upward and the position shifted from profit to loss, it has begun gradually reducing its holdings. In the past five days, it has closed approximately $4.4 million worth of positions.

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