Whale Shorts 1,107 BTC ($122M) After $35.84M ETH Losses — $830K Unrealized Profit

COINOTAG News (September 6) reports that on-chain analyst Yu Jin tracked a large whale address which, after significant losses on ETH positions, has reallocated exposure and initiated a notable BTC short.

According to the monitoring data, the address incurred a $10.67 million loss while chasing ETH post non-farm payrolls and a cumulative $35.84 million deficit in ETH long positions before liquidating those longs last night; over the past five hours it has shorted 1,107 BTC with a notional value near $122 million.

Chain-level metrics show the short entry at $111,390, a liquidation threshold of $116,824, and an unrealized profit of about $830,000, reflecting a tactical position adjustment evident in on-chain risk flows.