Whale's $102M BTC/ETH Trades Slip Into the Red as Prices Whipsaw

Odaily Planet Daily cited on-chain analyst Yujin as saying that whale sat0shi777 (0x50b...9f20) opened a 468 BTC long on the 24th at $62,729, a position valued at $29.38 million. BTC later slid below $60,000. Yesterday morning, after the drop, the trader added a 47,500 ETH short at $1,536, worth $72.94 million, but ETH did not extend its decline. The combined $102 million exposure is now underwater on both legs, with an unrealized loss of $1.86 million on the BTC long and $1.23 million on the ETH short.