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
DZap: Circle’s CCTP, ECO, and NEAR Lead in Cross-Chain Bridging As DeFi Sees Institutional Shift
DZap, a DeFi aggregator that connects users with various decentralized finance protocols to find the best rates, low spillage, and efficient paths for trading and yield strategy, today listed the top cross-chain bridges on its platform by trading volume in the last 30 days.
The current DeFi
BlockChainReporter9m 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.
Decrypt1h ago
Shiba Inu Listed on Walmart Majority-Owned Fintech Platform - U.Today
Shiba Inu is now available on OnePay, a U.S. fintech platform, alongside other cryptocurrencies. This follows recent regulatory clarity from the SEC, classifying Shiba Inu and similar assets as non-securities. Despite these developments, SHIB's trading volume and price have declined.
UToday3h ago
Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.
Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.
GateNews3h ago
Today's top 100 cryptocurrency tokens by market cap price changes: DEXE up 14.89%, APT down 7.94%
On March 22, among the top 100 cryptocurrencies by market cap, DeXe had the largest gain at 14.89%, while Aptos experienced the biggest decline at 7.94%. Other tokens with notable gains include River and JUST, with Filecoin and Quant leading the declines.
GateNews3h ago
