Whale makes an emergency reversal, turning a 40x BTC short into a long position, with current holdings exceeding $8 million.

MarsBitNews · 2026-04-08T01:24:15+00:00

Market volatility has increased. A whale with an address starting with 0xf51 quickly converted BTC short positions into long positions, holding approximately $8 million in longs, currently at a floating loss. At the same time, the whale also has short positions in SOL and XYZ100, both of which are slightly floating at a loss.

MarsBitNews

2026-04-08 01:24:15

Abstract generation in progress

Mars Finance news. According to monitoring by Hyperinsight, market volatility has intensified. Within just 10 minutes, a giant whale with an address starting with 0xf51 rapidly adjusted its positions: it flipped the BTC short position it had previously opened with 40x leverage into a long position, and then slightly reduced its position size. Currently, the address still holds about $8 million worth of BTC long positions, with an opening average price of $71,961, and it is currently trading at an unrealized loss. In addition, this whale also holds a SOL short position with 20x leverage worth about $4 million, as well as an xyz:XYZ100 short position worth about $1.8 million; all of the above positions are currently in a slight unrealized loss.

BTC4.5%

SOL5.6%

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