The blockchain world has new developments! 🐋 According to on-chain analyst @ai_9684xtpa, a whale known for an 85% win rate in ETH trading has recently shorted WBTC. In the last 12 hours, he borrowed 220 WBTC from Aave and sold it on-chain and on Binance, with an average price of $102,398. However, BTC has unfortunately surged again, and this whale is currently facing a floating loss of $511,000.
But he doesn't seem to intend to give up; 10 minutes ago, he borrowed another 200 WBTC to continue shorting. 💼 So far, his total short position has reached 420 WBTC (approximately $44.09 million). The market is unpredictable; who will ultimately come out on top? We shall see!