Today, the crypto market is rebounding against the trend, with a macro hedge whale holding long positions in gold and silver while shorting crypto, losing $500,000 in a day.
BlockBeats News, March 3rd, according to HyperInsight monitoring, the risk hedging combination deployed by the whale starting with 0x7c9 suffered bidirectional losses during the day, with a fund withdrawal of over 500,000 USD. Currently, its account net value is about 1.88 million USD, while the total position size remains as high as 14.07 million USD.
The whale previously held a heavy long position of about 8 million USD in GOLD (Gold Mapping Contract) and SILVR (Silver Mapping Contract), supplemented by a "basket of short positions" of about 6 million USD, covering 102 cryptocurrencies, including mainstream coins such as BTC, ETH, and a variety of altcoins, attempting to hedge extreme risks through arbitrage.
However, today's market trend completely deviated from its projected direction: precious metals plummeted during the day, while the crypto market saw some recovery. Both the long and short sides were under pressure simultaneously, and all previous gains were completely lost.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEAR Protocol Price Surges Above $5 as Breakout Momentum Builds
Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly
After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations
Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.
Crypto prices
More
