「Scammy Short Whale」 Faces Partial Retracement, 29 Short Positions Currently at a Loss of Over $4.06 million

BlockBeats News, May 9th, according to Ai Whale Alert, a whale that had previously shorted a basket of altcoins has still made a historical cumulative profit of $86.36 million. Currently, the whale holds 28 short positions of altcoins including ZEC, TON, NEAR, and LIT, as well as a short position in crude oil (CL), with a total position value of approximately $47.66 million, and is still actively adding to the position.

Looking at the timeline, May 4th became a turning point for its profit and loss. Prior to this date, the overall position was still in a floating profit state; however, as the market's expectations for the end of the Middle East conflict increased and the cryptocurrency market rebounded as a whole, its short position combination gradually went underwater.