A whale address opened short positions on BTC, ETH, and other major coins on January 3, and is currently at a $7 million unrealized loss

BlockBeats News, January 7th, according to Onchain Lens monitoring, a whale address that had "deposited and sold 255 BTC to HyperLiquid" is currently facing over $7 million in unrealized losses on its short positions in BTC (10x leverage), ETH (15x leverage), SOL (20x leverage), XRP (20x leverage), and STBL (3x leverage) opened on January 3rd, turning its original $5.5 million profit into a $2.5 million loss.