Trader's High-Risk Shorting Strategy on WBTC Amidst ETH Success
12/16/2024 2:31:25 AM
According to Ai 姨, a trader with an impressive 85% success rate on ETH trades is currently engaging in a high-risk shorting strategy on Wrapped Bitcoin (WBTC). Over the past 12 hours, the trader borrowed 220 WBTC from Aave and sold them short on-chain and via Binance at an average price of $102,398. Unfortunately, the trade coincided with a BTC price surge, resulting in an unrealized loss of $511,000 at current prices. Despite this setback, the trader has doubled down by borrowing an additional 200 WBTC, bringing the total short position to 420 WBTC, valued at approximately $44.09 million. (Source)
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