「Hedging Short」 Whale Buys Spot Market Dip to Open Short Futures Contract, Realizing a Floating Profit of Over $5.6 Million in the Past Week
BlockBeats News, November 5th, according to on-chain AI analysis tool CoinBob (@CoinbobAI_bot), the smart money address recommended today, starting with 0xcac, the recent whale has been continuously averaging down through spot BTC and ETH, opening short positions at contract highs to hedge against mainstream coins to achieve stable profits. Currently, its total contract position size is around $35.23 million, with a total account unrealized profit of $9.9 million (about 502%), weekly profit exceeding $5.6 million, and monthly profit reaching $22.12 million. The maximum drawdown this week is only 3.7%.
According to monitoring, the address's current major short positions are: 20x BTC $15.9 million, unrealized profit $2.8 million (351%); 20x ETH $14.6 million, unrealized profit $5.44 million (744%); 20x HYPE $4.12 million, unrealized profit $1.43 million (346%). In the past six months, a total profit of $10.65 million was recorded through spot + contract hedging, with a monthly profit of $2.2 million.
You may also like

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

