Whale Address VBVIT Builds Large Short Positions in BTC, ETH, and XYZ100

BlockBeats reported on September 2 that TradingBeats monitoring showed whale address VBVIT had recently built large short positions in BTC, ETH, and the Nasdaq 100-related U.S. stock benchmark XYZ100. According to BlockBeats On-chain Detection, as of 17:41 (UTC+8) on September 2, the address held combined positions of about $107.5 million across the three shorts, with unrealized gains of roughly $2.45 million. Based on TradingBeats' current short-position rankings, the address is now the third-largest BTC short, the eighth-largest ETH short, and the second-largest XYZ100 short. The address holds about 839.45 BTC in short positions valued at roughly $64.32 million, using 10x leverage with an average entry price of about $78,146.8, and has unrealized gains of about $1.28 million. It also holds about 11,851.47 ETH short positions valued at roughly $28.12 million, using 20x leverage with an average entry price of about $2,451.97, and has unrealized gains of about $934,800. In addition, it holds about 522.16 XYZ100 short positions valued at roughly $15.09 million, using 20x leverage, with unrealized gains of about $237,800. The address currently holds 86 positions in total, including 60 short positions. Its total short exposure is about $137 million, with overall unrealized gains on short positions of about $2.62 million. It is also the largest short holder on Hyperliquid for multiple U.S. stocks and ETF-related assets, including ASML, IBM, AVGO, and MRVL, among 14 targets. The address previously drew attention from the on-chain trading community after opening nearly $30 million in SPCX short positions on Hyperliquid. Its historical completed win rate stands at 48.44%.