ChainCatcher reports that, according to HyperInsight monitoring, the risk-hedging portfolio deployed by the whale starting with 0x7c9 experienced dual-direction losses within the day, with a fund withdrawal of over $500,000. Currently, its account net value is approximately $1.88 million, while the total position size remains as high as $14.07 million.
This whale previously held a heavy position of about $8 million in GOLD (gold mapping contract) and SILVR (silver mapping contract) long positions, supplemented by around $6 million in a basket of short positions covering 102 cryptocurrencies, including mainstream coins like BTC, ETH, and a variety of altcoins, attempting to hedge extreme risks through arbitrage. However, the market trend diverged completely from its expected direction: precious metals declined intraday, while the crypto market showed signs of recovery. Both longs and shorts came under pressure simultaneously, and all unrealized gains were fully wiped out.
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