「CZ Whale's Countertrade」 Whale's Unrealized Loss on ETH and XRP Long Positions Expands to $24.93 Million

BlockBeats News, December 7th, according to HyperInsight monitoring, ETH fell below $3,000. The previously reported "CZ Whale" (0x9ee) saw the unrealized losses of their ETH and XRP long positions expand to $24.93 million.

The unrealized losses of their ETH long positions amounted to $13.55 million, with a position size of approximately $154 million, an average price of $3,201, and a liquidation price of $2,497.2. The XRP long position had a position size of approximately $77.63 million, an average price of $2.29, and unrealized losses of $11.38 million.

This address previously bought ASTER on November 2nd when CZ was involved, and then took a large short position with 3x leverage. It became the largest ASTER short holder at that time. On the 17th, the position was closed to break even. They then switched to ETH long trades and were partially liquidated.