Whale Increases Short Positions in BTC and ETH After Losses

According to BlockBeats On-chain Detection, a significant investor who previously incurred a loss of $35. 84 million from a long position in Ethereum (ETH) has shifted strategy to short Bitcoin (BTC). Recently, this investor has further increased their short positions in BTC and initiated new shorts in ETH. Currently, the investor holds short positions valued at $200 million, with a floating profit of $1 source: https://www.binance.com/en/square/post/29345084924017?utm_source=BinanceNewsRSS