A certain whale has made a floating profit of $2.5 million from shorting BTC and ETH since November last year, with floating losses exceeding $1 million on HYPE short positions.

On May 31st, according to on-chain analyst Ai Yi, the address 0xc72...0517c established short positions in BTC, ETH, and HYPE starting in mid-November last year. Currently, the BTC and ETH short positions are valued at approximately $7.321 million, with a combined unrealized profit of about $2.5 million. The HYPE short position is currently valued at approximately $1.7 million, with an unrealized loss of about $1.029 million. Cumulatively, the address has achieved an overall unrealized profit of approximately $1.471 million. If this address had allocated a larger short position in HYPE, its overall returns could have been significantly eroded.