Whales Make Waves: 0x5b5d and 0xB83D Use USDC to Short BTC and ETH for Major Unrealized Gains

According to recent reports from COINOTAG dated May 13th, significant actions in the crypto market have been observed. Whale trader 0x5b5d has utilized an impressive 50.5 million USDC with a 5x leverage to establish a short position exceeding $228 million across key cryptocurrencies including BTC, ETH, and SOL since May 9th. This position has resulted in an unrealized gain of approximately $6.38 million. Concurrently, another notable entity, Whale 0xB83D, has deployed 33 million USDC with 3x leverage, shorting a total of $92.1 million in BTC, ETH, and SOL, currently reflecting an unrealized gain of $0.22 million. Such movements underscore the evolving dynamics within the cryptocurrency market and highlight the strategies employed by major players amid fluctuating market conditions.