Whale Bets Big: Bitcoin Shorting vs. Ethereum Longing for $102M

A prominent crypto whale, known as 0x06f5, is employing high-leverage trading strategies across Bitcoin and Ethereum to create a balanced portfolio. This strategy involves shorting $90 million in Bitcoin while long on $12.7 million worth of Ethereum. The whale’s approach aims to manage risk by offsetting potential losses with gains from their contrasting positions. Their combined exposure, exceeding $102 million through leveraged contracts, highlights the high sensitivity associated with this strategy.