🐋 Short-selling whale is down nearly $1 million!
A short position worth ~$4.01 million from wallet 0xbe19…8bd1 is sitting on an unrealized loss of approximately $972.0K! This is a short position (a bet that the price will fall) with ~3x leverage, meaning the price only needs to rise about 457.6% from its current level (~$0.5145) for the position to be liquidated.
Seeing such a massive loss makes me a little nervous for the whale. Their liquidation price is ~$2.8688, which is still some way off, but the pressure must be intense. Do you think they’ll cut their losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#WLD $WLD
A short position worth ~$4.01 million from wallet 0xbe19…8bd1 is sitting on an unrealized loss of approximately $972.0K! This is a short position (a bet that the price will fall) with ~3x leverage, meaning the price only needs to rise about 457.6% from its current level (~$0.5145) for the position to be liquidated.
Seeing such a massive loss makes me a little nervous for the whale. Their liquidation price is ~$2.8688, which is still some way off, but the pressure must be intense. Do you think they’ll cut their losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#WLD $WLD