The whale that shorted BTC since the beginning of the month is now facing a unrealized loss of over $9 million, making it the largest on-chain BTC short position.

BlockBeats News, April 22, according to Hyperinsight Monitor, the Whale Address of the Band Protocol, named "pension-usdt.eth" (0x0ddf...), has been in a loss-making state since initiating a BTC short position earlier this month. During today's market uptrend, the position has experienced a $9 million loss.

Currently, the address has not closed its position since opening, holding a $77.14 million BTC short position and a $47.15 million ETH short position, making it the largest BTC and ETH short positions on Hyperliquid simultaneously, with a total loss of over $13 million.

Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902