Cryptocurrency Short Positions Suffer Significant Losses

On-chain analyst Ai Yi has revealed substantial unrealized losses from short positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). As per PANews, investor 0x35d…5aCb1 has incurred losses totaling $8.826 million across these three cryptocurrencies. A closer look reveals a 20x leveraged SOL position resulting in an unrealized loss of $7.436 million due to holding $58.1 million (252,000 SOL) at an opening price of $199.39. The ETH and BTC positions also hold significant losses, with a 25x leverage for the ETH short position resulting in an unrealized loss of $847,000, while a 40x leveraged BTC short position leads to an unrealized loss of $542,000 due to a holding of $12.06 million (100.6 BTC) at an opening price of $114,436.2.