Due to the continuous rise in spot silver prices, the largest on-chain silver short recently reduced its position by $4.4 million

By: theblockbeats.news|2026/02/28 14:01:02

0

Share

copy

BlockBeats News, February 28. According to Hyperinsight monitoring, the spot silver price has continued to rise this month, breaking through $94 last night and this morning. Influenced by this trend, the whale address (0x8af) that has been shorting silver since January 28 has seen its floating loss expand to $1.28 million, with a loss of 85%.

The address currently holds a short position in SILVER (Silver Mapping Contract) of approximately $10.47 million, with an average price of $83.1 and a liquidation price of $105, making it the largest silver short on-chain.

It is reported that after opening a position last month, the address once had a significant unrealized profit. With the recent price increase and the position moving from profit to loss, it has started to gradually close out its position. In the past 5 days, it has closed out approximately $4.4 million.

-- Price

You may also like

After the doubling, how much more "war dividend" can Circle claim?

After the doubling, how much more "war dividend" can Circle claim?

A company whose product is designed to pursue price stability, why has it become the hottest trading target in the market as the world becomes more turbulent?

Guardian of Billions in Assets, Yet Unable to Sustain Itself: Tally Bows Out After Five Years

Guardian of Billions in Assets, Yet Unable to Sustain Itself: Tally Bows Out After Five Years

Tally chooses to proactively stop loss rather than stubbornly holding onto the token, making unrealistic promises.

Teenage Stock Market Wizard Caught in a Melodramatic Family Drama: Bed Partner Secretly Films Recovery Phrase, Steals $160 Million in BTC

Teenage Stock Market Wizard Caught in a Melodramatic Family Drama: Bed Partner Secretly Films Recovery Phrase, Steals $160 Million in BTC

The protagonist of the story is the well-known financial KOL in Hong Kong, Fire Lao Shen, who made a fortune in the early years through stock trading and Bitcoin.

How Bad Are the Midterm Elections for the Crypto Industry?

How Bad Are the Midterm Elections for the Crypto Industry?

There is about an 85% chance that the Democratic Party will retain control of the House

An Undisclosed Loan, Tearing Open the Nexus Between the US Commerce Secretary and Tether

An Undisclosed Loan, Tearing Open the Nexus Between the US Commerce Secretary and Tether

The Lutnick family owed Tether another favor.

Transaction Volume Skyrockets 60x: How Next-Gen Financial Infrastructure is Pricing Oil

Transaction Volume Skyrockets 60x: How Next-Gen Financial Infrastructure is Pricing Oil

Where Does the Price Come From When the Market is Closed

LALIGA Preview: Real Madrid Defends the Crown as Atlético Aims to Disrupt the Capital’s Order

LALIGA Preview: Real Madrid Defends the Crown as Atlético Aims to Disrupt the Capital’s Order

[Match Info]

- Fixture: Real Madrid vs. Atlético de Madrid

- Kick-off: March 23, 04:00 AM (Beijing Time)

- Venue: Santiago Bernabéu

LALIGA Preview: Barcelona Eyes Continued Dominance While "The Lightning" Targets a Camp Nou Upset

LALIGA Preview: Barcelona Eyes Continued Dominance While "The Lightning" Targets a Camp Nou Upset

[Match Info]

- Fixture: FC Barcelona vs. Rayo Vallecano

- Kick-off: March 22, 04:00 AM (Beijing Time)

- Venue: Estadi Olímpic Lluís Companys

What can we expect from the crypto market after the SEC and CFTC join forces?

What can we expect from the crypto market after the SEC and CFTC join forces?

Regulation is the starting point, and the bull market depends on the entry of traditional capital.

Hawkish Signal in Tightening Mode | Rewire News Brief

Hawkish Signal in Tightening Mode | Rewire News Brief

Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot

x402 and AI Agents: An Emerging Data Economy

x402 and AI Agents: An Emerging Data Economy

x402 How to Perfectly Combine with Data Aggregation and Management?

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward

Nobody knows the answer, including the Fed itself

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.

A Cross-Section of Capital Market Gravity Direction Change

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer

Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.

Three Charts Explain Why S&P Authorized Its Brand to trade.xyz

Over 100x Growth in 6 Months

After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?

After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?

Regulation is the starting point; a bull market depends on traditional fund inflows

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

The narrative of RWA is not about traditional finance capturing crypto users, but rather crypto capturing traditional users.

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Overview of Important Market Events on March 18

After the doubling, how much more "war dividend" can Circle claim?

A company whose product is designed to pursue price stability, why has it become the hottest trading target in the market as the world becomes more turbulent?

Guardian of Billions in Assets, Yet Unable to Sustain Itself: Tally Bows Out After Five Years

Tally chooses to proactively stop loss rather than stubbornly holding onto the token, making unrealistic promises.

Teenage Stock Market Wizard Caught in a Melodramatic Family Drama: Bed Partner Secretly Films Recovery Phrase, Steals $160 Million in BTC

The protagonist of the story is the well-known financial KOL in Hong Kong, Fire Lao Shen, who made a fortune in the early years through stock trading and Bitcoin.

How Bad Are the Midterm Elections for the Crypto Industry?

There is about an 85% chance that the Democratic Party will retain control of the House

An Undisclosed Loan, Tearing Open the Nexus Between the US Commerce Secretary and Tether

The Lutnick family owed Tether another favor.

Transaction Volume Skyrockets 60x: How Next-Gen Financial Infrastructure is Pricing Oil

Where Does the Price Come From When the Market is Closed

Popular coins

Latest Crypto News

17:42

Data: In the past 24 hours, the entire network has liquidated 558 million USD, mainly long positions

According to Coinglass data, the total liquidation across the network in the past 24 hours was $558 million, of which long positions accounted for $482 million and short positions accounted for $76.71 million.

17:42

Morgan Stanley has pushed back its expectations for the Federal Reserve to cut interest rates to September and December

According to Jinshi reports, Morgan Stanley has postponed its expectations for the Federal Reserve to cut interest rates to September and December, previously expecting them in June and September.

17:42

Data: The largest short position "Strategy Counterparty" continuously rolled over during the pullback, increasing short positions in BTC and ETH by 21.2 million USD

According to monitoring by Hyperinsight, the "Strategy Opponent's Address" (0x94d3...) continuously rolled over its short positions in BTC and ETH within about ten minutes, accumulating an increase of 214.60 BTC (approximately 14.51 million USD) and 3488.85 ETH (approximately 6.69 million USD). The ...

17:42

Central Bank: Firmly maintain the stable operation of financial markets such as stocks, bonds, and foreign exchange

The Party Committee of the People's Bank of China held an expanded meeting. Actively and steadily resolve financial risks in key areas. Maintain a dynamic balance between economic growth, economic structure adjustment, and financial risk prevention at the macro level. Continue to promote the resolut...

17:42

Data: The giant whale "sets 10 major goals" to go long on BTC, with an average entry price of $70,027.66

The contract whale "set 10 big targets first" has started to go long on BTC, using 5x leverage to go long on 9.437 BTC, with an average entry price of $70,027.66.Yesterday's report stated that the whale "set 10 big targets first" closed a short position worth $169 million, with estimated profits exc...