BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, the on-chain largest long whale (0x8af) holds positions in US stocks, the crypto market, and precious metals. Currently, it is long over $20 million on XYZ100 (Nasdaq 100 index futures), long the same scale on BTC, and short $12 million on silver, making it the largest on-chain silver short. Due to the recent pullback in US stocks and the crypto market, along with silver maintaining high levels and slightly rising, this address experienced a double whammy of long and short losses, with three positions continuously increasing in unrealized losses.
Currently, the main loss for this address comes from its 40x leveraged BTC long position, with a position size of approximately $23.2 million, an average entry price of $10.08 million, and an unrealized loss of $13.8 million, representing a loss of 2,376%. Additionally, the address still has $14.25 million in pending orders, planning to add to its BTC long positions between $55,000 and $59,000.
This whale is long on core US stock indices and major assets like BTC, while also holding short positions in a dozen altcoins as hedges, with a strategy leaning towards betting on the relative strength of mainstream assets. Despite recent misjudgments and commodity-related holdings dragging down overall returns, its full-cycle profit remains at $51 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Records Historic Q1 Crash Amid Growing Geopolitical Pressure
Bitcoin experienced a significant 23.21% drop in Q1 2026, marking its third-worst first quarter since 2013, primarily due to rising geopolitical tensions and macroeconomic pressures. Traders remain cautious about risk exposure amid these global uncertainties.
BlockChainReporterJust Now
CoinShares: Digital asset investment products saw approximately $1 billion in net inflows last week
According to CoinShares weekly report, digital asset investment products saw a net inflow of approximately $1 billion last week, with the United States contributing $957 million. Among them, Bitcoin inflows amounted to $881 million, Ethereum inflows were $117 million, and Solana inflows reached $53.8 million, indicating a divergence in market sentiment.
GateNews11m ago
Gate Research Institute: Bitcoin, Crude Oil, and Gold Trends and Investment Opportunities Amid US-Iran Conflict
After the joint airstrikes by the US and Israel on Iran, gold and crude oil opened sharply higher on Monday, global stock markets opened lower, and Bitcoin volatility increased. The market predicts that the probability of full-scale war is low, but the risk of restrictions in the Strait of Hormuz is not negligible. If the situation eases temporarily, commodity prices may see a significant correction; conversely, gold and oil prices may further surge. Bitcoin may face short-term pressure, with the medium term depending on liquidity. Currently, Gate has launched trading sectors for metals, stocks, indices, forex, and commodities. Investors can use Gate TradFi to execute 24/7 trading and quickly seize market opportunities.
GateResearch12m ago
Strategy Raises STRC Dividend to 11.5% as MSTR Logs Eighth Straight Monthly Decline
Strategy raised STRC dividend to 11.5% to keep shares near $100 amid crypto market weakness.
The company is shifting from common stock to preferred shares to fund Bitcoin purchases.
Strategy now holds 717,722 BTC even as Bitcoin trades below its average cost basis.
Strategy increased
CryptoNewsLand28m ago
XRP Yield Risks Explained by XRPL Contributor, Schiff Acknowledges Satoshi's Innovation With Bitcoin, Six Macro Events to Define Crypto Market This Week: Morning Crypto Report - U.Today
XRPL validator reminds about risks tied to earning yield on XRP
Satoshi innovated with Bitcoin, admits Peter Schiff with sarcastic twist
Six key macro reports to affect crypto market this week
Crypto market outlook: XRP, BTC price updates
TL;DR
XRPL contributor "Vet" warns that high APR
UToday52m ago
