Whales Make Waves: 0x5b5d and 0xB83D Use USDC to Short BTC and ETH for Major Unrealized Gains
By: bitcoin ethereum news|2025/05/13 14:00:15
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According to recent reports from COINOTAG dated May 13th, significant actions in the crypto market have been observed. Whale trader 0x5b5d has utilized an impressive 50.5 million USDC with a 5x leverage to establish a short position exceeding $228 million across key cryptocurrencies including BTC, ETH, and SOL since May 9th. This position has resulted in an unrealized gain of approximately $6.38 million . Concurrently, another notable entity, Whale 0xB83D , has deployed 33 million USDC with 3x leverage , shorting a total of $92.1 million in BTC, ETH, and SOL, currently reflecting an unrealized gain of $0.22 million . Such movements underscore the evolving dynamics within the cryptocurrency market and highlight the strategies employed by major players amid fluctuating market conditions. Source: https://en.coinotag.com/breakingnews/whales-make-waves-0x5b5d-and-0xb83d-use-usdc-to-short-btc-and-eth-for-major-unrealized-gains/
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