An individual trader known as an ‘Insider Whale’ has realized profits exceeding $3.23 million through leveraged trades betting against Bitcoin and Ethereum prices.
The whale reportedly secured these profits from specific leveraged short positions involving 294.14 BTC and 9,414.14 ETH.
Analysis reveals the whale maintains substantial open positions. Current holdings include a 40x leveraged short on Bitcoin for 1,414.14 BTC, valued at approximately $150 million, initiated at an entry price of $106,697.30 per BTC.
Simultaneously, the whale holds a 25x leveraged short position on Ethereum for 41,414.1414 ETH, valued near $99.8 million, entered at $2,452.03 per ETH.
The total value of the whale’s disclosed portfolio amounts to roughly $250 million.
These exceptionally large leveraged positions underscore the whale’s capacity to significantly impact leveraged crypto markets.