Whale Sees Significant Losses After Shifting Investment Strategy

A major cryptocurrency investor, dubbed a ‘whale,’ experienced significant financial losses due to their shifting investment strategy. Initially facing a $35 million loss on their Ethereum long position, the whale subsequently transitioned to a bearish stance. This move resulted in an additional $614,000 loss within the last hour. However, despite these setbacks, the investor retains a short position with 1,351 Bitcoin (BTC), estimated at $150 million.