Bitcoin Surge Leads to Significant Losses for Whale Investor

On May 3, Bitcoin's price continued to rise, surpassing $78,000, leading to increased losses for a whale investor known as 'pension-usdt.eth.' According to BlockBeats On-chain Detection, the investor's BTC short position, initially valued at over $78 million, has now incurred a floating loss of approximately $10 million. The short position was opened at an average price of $67,992, with a liquidation price set at $100,667.6. Since its inception on April 2, the position has remained unchanged. Additionally, the whale investor holds an ETH short position valued at around $46 million, which is currently experiencing a floating loss of approximately $3.4 million.