BlockBeats News, February 28th, 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 28th has seen its floating loss expand to $1.28 million, with a loss ratio of 85%.
The address currently holds a short position of approximately $10.47 million in SILVER (Silver Mapping Contract), with an average price of $83.1, and a liquidation price of $105, making it the largest on-chain silver short.
It is reported that after opening a position last month, the address once saw a significant unrealized profit. However, as the recent market turned bullish and the position went from profit to loss, the address began to gradually unwind its position. It has closed approximately $4.4 million within the past 5 days.
