Two whales short at highs LIT, with combined unrealized profit of approximately 2110000 USD
BIBIBI
AT A GLANCE
LIT down approximately 24 hours by approximately 11.4%，Hyperliquid The two large short positions have combined unrealized profit of approximately 2110000 USD。
Article
🔍 On-chain Detective | Two Whales Short at Highs LIT, each with more than million in unrealized profit on a single coin USD BlockBeats news,September 30，LIT currently quoted at approximately 3.99 USD, down approximately 24 hours recently by approximately 11.4%. According to TradingBeats monitoring, this pullback has allowed the two whales that shorted Hyperliquid at high levels on LIT to each earn more than 1000000 USD in unrealized profit from a single short position, with combined unrealized profit of approximately 2110000 USD.
The address beginning with 0xbe195 holds approximately 1148000 LIT short positions, worth approximately 4580000 USD, at an average price of approximately 4.95 USD, with unrealized profit of approximately 1102000 USD.
The address began building its short position around September 25 at approximately 5.3 USD and completed establishing the position that evening.
The address beginning with 0x60a8 holds approximately 1138000 LIT short positions, worth approximately 4540000 USD, at an average price of approximately 4.87 USD, with unrealized profit of approximately 1005000 USD.
This address likewise began building its position on September 25 and subsequently added to its short position on the September 26、29 day at an average price of approximately 4.8 USD、4.38 USD, expanding its short position from approximately 836400 to approximately 1138000 coins.
This morning, Robinhood chose to launch perpetual futures services in the United States through its subsidiary Bitstamp, potentially dampening market expectations that Lighter would absorb its incremental trading volume and becoming a possible catalyst for LIT short-term pullback.
Original link https://m.theblockbeats.info/flash/369812
Key points
01
September 30，LIT currently quoted at approximately 3.99 USD, down approximately 24 hours recently by approximately 11.4%。
02
According to TradingBeats monitoring,Hyperliquid the two whales that shorted LIT at high levels have combined unrealized profit of approximately 2110000 USD。
03
The address beginning with 0xbe195 holds approximately 1148000 coins in LIT short positions, worth approximately 4580000 USD, at an average price of approximately 4.95 USD, with unrealized profit of approximately 1102000 USD。
04
The address beginning with 0xbe195 began building its short position on September 25 at approximately 5.3 USD and completed establishing the position that evening.
05
The address beginning with 0x60a8 holds approximately 1138000 coins in LIT short positions, worth approximately 4540000 USD, at an average price of approximately 4.87 USD, with unrealized profit of approximately 1005000 USD。
06
The address beginning with 0x60a8 began building its position on September 25 and on September 26、29 day added to its short position at an average price of approximately 4.8 USD、4.38 USD, expanding its short position from approximately 836400 coins to approximately 1138000 coins.
07
The original article stated that Robinhood chose this morning to launch perpetual futures services in the United States through its subsidiary Bitstamp.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short selling means betting on a price decline. The two addresses in the report had previously established large LIT short positions; as the LIT price declined, these positions generated more than million in USD unrealized profit. “Unrealized profit” refers to profit that has not yet been finally realized through closing the position.
Why it matters to readers
The two large short positions and their unrealized profit reflect LIT the gains from short positions during the recent price decline, and may also provide clues for observing subsequent position reductions, closures, or further additions.
Beginners should distinguish between unrealized profit and realized gains: as long as a position remains open, its profit will continue to change with LIT price movements. A large address's position does not mean that the price will necessarily continue to decline.
Risks and unknowns
Position, average-price, and unrealized-profit data come from the TradingBeats monitoring cited by the report; the original article did not provide independent verification materials.
The original article did not state the real identities behind the two addresses, so it cannot be confirmed whether they belong to individuals or institutions.
Whether Robinhood's launch of perpetual futures services through Bitstamp weakens expectations that Lighter will absorb incremental trading volume is described in the original article only as a possibility; causality remains unconfirmed.
Related Developments
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The unrealized profit reported in the article will change with LIT price and position changes and cannot be regarded as final gains.
Related concepts
Whale
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
