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A Whale Shorting a Basket of Altcoins Faces $12.48 Million Mark-to-Market Loss

By: theblockbeats.news|2025/07/21 08:12:05

BlockBeats News, July 21st, According to on-chain analyst Ai Auntie (@ai_9684xtpa), the "Smart Money that once spent $2.82 million to leverage 14.81 million USDe in profits" to short a basket of shitcoins is now sitting on a $12.48 million unrealized loss.

They are only long on BTC and AAVE, with only 38% of the positions short on the other 26 tokens in a floating profit state, accumulating a $12.48 million unrealized loss, with XRP alone accounting for a massive $9 million loss.

Analysis: NFT rally suggests traders are cycling out of Bitcoin and exploring other speculative plays in the crypto market

SOL Surges to $190