Smart Money Altcoin Shorts Face $12.48M in Unrealized Losses Amid Market Rally

A recent report by Foresight News reveals that a smart money address, identified by @ai_9684xtpa, is facing unrealized losses of $12.48 million after shorting a basket of altcoins.The address initially deployed $2.82 million in capital, leveraging 14.81 million USDT in earnings to open short positions against multiple altcoins. However, as the altcoin market surged over the past week, those positions have entered deep red territory.