February 24th — According to Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), on-chain data shows the top 100 long-focused whale address (0x8af) tied to the Nasdaq 100 holds positions across on-chain U.S. equities, crypto markets, and precious metals. As of now, the address holds over $20 million in long positions on XYZ100 (a Nasdaq 100 Index tracking contract), an equivalent long position in BTC, and a $12 million short position in silver. Following today’s pullback in U.S. stocks and crypto markets — while silver has held near highs with a slight gain — the address has incurred losses on both its long and short positions, with floating losses across all three positions continuing to widen. Currently, the address’s biggest losses stem from its 40x leveraged long BTC position: the position size is ~$23.2 million, with an average entry price of $100,800 and a floating loss of $13.8 million — a staggering loss percentage of 2376%. Additionally, the address has $14.25 million in open orders, planning to add long BTC positions in the $55,000-$59,000 range. This whale is bullish on core stock indices, BTC, and other mainstream assets, while using short positions on a dozen altcoins as hedges — a strategy centered on betting on the relative strength of mainstream assets. Despite a recent misjudgment and drag from commodity-related holdings weighing on overall returns, its total profit over the full cycle remains $51 million.
