A Whale Shorting the ETH/BTC Exchange Rate Faces a Unrealized Loss of Over $3.85 Million

BlockBeats News, July 15th, according to on-chain analyst ai_9684xtpa, the address 0xf83…96728 currently holds 12,832 ETH in a 20x short position and 366 BTC in a 20x long position, with both positions worth approximately $24 million.

Due to the recent rebound where ETH outperformed BTC, this address is experiencing a unrealized loss of about $4.07 million on the ETH position and an unrealized gain of approximately $216,000 on the BTC position, resulting in a total unrealized loss of $3.856 million.