Top 100 Long Positions on Chain Mismatched Three Markets: Long NASDAQ and BTC While Shorting Silver, Nearly $10 Million Unrealized Loss

BlockBeats News, February 24th, according to Coinbob Popular Address Monitor, the on-chain data shows that the top 100 long whale (0x8af) of the NASDAQ 100 is holding on-chain U.S. stocks, the crypto market, and precious metals. Currently, they are simultaneously longing for XYZ100 (NASDAQ 100 Index perpetual contract) with a position of over $20 million, longing for BTC of an equivalent size, and shorting silver with $12 million, becoming the largest on-chain silver short. Affected by today's correction in both the U.S. stock market and the crypto market, while silver has maintained a slight increase at a high level, this address has suffered losses on both sides of the trade, and the unrealized losses of the three positions have continued to expand.

Currently, the main loss of this address comes from its 40x leveraged long position on BTC, with a position size of around $23.2 million, an average price of $100,800, and the unrealized loss has reached $13.8 million, with a loss percentage as high as 2376%. In addition, this address still has $14.25 million in open orders, planning to continue to long BTC in the $55,000 to $59,000 range.

This whale is long on core U.S. stock indices and BTC, among other mainstream assets, while also holding short positions on dozens of altcoins as a hedge. The strategy leans towards betting on the relative strength of mainstream assets. Despite a recent misjudgment and the drag from commodity-related positions affecting overall returns, their profits throughout the entire cycle still stand at $51 million.