BlockBeats News, March 2 — According to Coinbob’s popular address monitoring, a whale starting with 0x069 currently holds two positions: a 10x leveraged short on NASDAQ 100 (XYZ100) with a position size of $9.81 million at an average price of $25,020; and a 5x leveraged long on gold (GOLD) with a position size of $5.5 million at an average price of $4,861, totaling a position of $15.3 million.
On December 15, 2025, this whale initially positioned nearly $10 million in NASDAQ 100 shorts, likely betting on the overvaluation at the end of the U.S. interest rate hike cycle, which had previously experienced some unrealized losses.
More than two months later, on February 6, the first round of US-Iran talks in Muscat began. The address entered the market amid expectations of peace and a drop in gold prices below $4,900 per ounce. This move, about 20 days earlier than the subsequent escalation of tensions, was a strategic preemptive position.
On February 28, missiles struck. News of a joint US-Israel airstrike caused a surge in risk aversion in the market. Both positions took profits: the NASDAQ 100 short turned profitable, and the gold long temporarily increased unrealized gains to $500,000, with a return rate of 34%.
Currently, the position has shifted from a one-sided short in the stock market to a typical macro hedge strategy. However, if peace is restored, there is a high probability that the position will suffer losses on both sides.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu OI Turns Mute as Futures Traders Hold Back - U.Today
Shiba Inu's derivatives market shows decreased activity as open interest falls to 8 trillion, indicating traders are withdrawing positions. However, the asset's price has seen a slight increase of 0.73%, suggesting potential recovery and renewed bullish sentiment.
UToday42m ago
ETH rose 1.27% in 15 minutes: ETF capital inflow and institutional accumulation drive the main surge.
During the period from 13:30 to 13:45 (UTC) on March 28, 2026, the spot price of ETH fluctuated between 2002.78 and 2043.89 USDT, recording a return of +1.27% within 15 minutes, with a volatility of 2.05%. During this time, market trading activity significantly increased, and the attention from short-term participants rapidly rose, leading to heightened price volatility.
The main drivers of this fluctuation were net inflows of funds into ETFs and continued accumulation by institutions. In late March, daily inflows into ETH-related ETFs reached as high as $175 million, setting a new annual record, and directly driving short
GateNews3h ago
BTC rose 0.71% in 15 minutes: The concentration of whale transfers combined with short covering resonance drives price fluctuations.
During the period from 2026-03-28 13:30 to 13:45 (UTC), the BTC intraday return within 15 minutes reached +0.71%, reported 66,458.1 to 67,150.7 USDT, with a range of 1.04%. During the abnormal move, large transfers surged, exchange deposits were promptly scaled up, and market attention increased while short-term liquidity tightened.
The main driving force behind this abnormal move is that large-portfolio accounts have continued to distribute their holdings since the end of 2025, and in early 2026 accelerated transferring BTC to major exchanges, resulting in significant short-term sell pressure. On the derivatives market side, BTC perpetual contracts experienced increased open interest and trading volume, indicating heightened hedging activity and speculative interest, which further amplified market volatility.
GateNews3h ago
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato5h ago
Bitcoin drops to two-week low as $300 million in longs are liquidated
The crypto market tumbled to the lowest levels in more than two weeks, with bitcoin BTC$66,212.05 dropping below $67,000 and ether (ETH) closing in on $2,000. The CoinDesk 20 Index (CD20) lost 2.2% since midnight UTC, reaching its lowest since March 9.
The fall coincided with a drop in U.S.
CoinDesk6h ago
