This on-chain whale's short-selling journey has recently run into trouble. According to the latest monitoring data from Onchain Lens, this major holder who previously sold off a large amount of BTC is now facing significant pressure on leveraged positions across multiple cryptocurrencies.
The account currently has an unrealized loss of over $7 million across positions in BTC (10x leverage), ETH (15x leverage), SOL (20x leverage), XRP (20x leverage), and STBL (3x leverage). Even more shocking, this whale originally held a paper profit of $5.5 million on these positions, but it has now turned in
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