According to BlockBeats citing Ai Yan monitoring, on May 9, a whale shorting altcoins faced drawdowns across 28 altcoin short positions and 1 crude oil short position, with total unrealized losses reaching $4.06 million. The positions, valued at approximately $47.66 million, include shorts on ZEC, TON, NEAR, and LIT.
The whale’s overall portfolio shifted from profit to underwater starting May 4, coinciding with market expectations of Middle East conflict resolution and broader cryptocurrency market recovery. Despite current drawdowns, the whale has accumulated $86.36 million in historical profits and continues to add positions.
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
Iran's Oil Production Continues Nationwide; No Reports of Halul Island Leak, Officials Say
According to Iran's parliamentary energy committee chairman, reported May 9, oil production across multiple fields nationwide continues uninterrupted. The official stated there are currently no official reports of oil leakage around Halul
GateNews1h ago
China's State Council Approves Mineral Resources Law Implementation Regulations on May 9
According to CCTV News, China's State Council, chaired by Premier Li Qiang, approved the draft implementation regulations for the Mineral Resources Law on May 9.
GateNews2h ago
Hapag-Lloyd Reports $50M+ Weekly Additional Costs from Hormuz Strait Disruptions on May 8
According to CCTV News, German shipping giant Hapag-Lloyd's executive Niels Haupt stated on May 8 that the company incurs over $50 million in additional weekly costs since the conflict began on February 28, disrupting transit through the Hormuz
GateNews2h ago
German Airport Association Warns Fuel Shortage May Cancel More Flights, Affect 20M Passengers
According to German Airport Association CEO Ralf Baisel (via dpa), on May 9, aviation fuel shortage risks more flight cancellations and higher ticket prices. Baisel warned that in the worst case, airport capacity could drop 10%, affecting 20 million passengers across Germany. Budget airlines and
GateNews3h ago
China's Strategic Oil Reserves Hit 1.4 Billion Barrels, Largest Globally as of End-2025: EIA
According to the U.S. Energy Information Administration (EIA), China's strategic petroleum reserves reached approximately 1.4 billion barrels as of end-2025, the largest globally. This exceeds the combined reserves of the U.S., Japan, European OECD members, Saudi Arabia, South Korea, Iran, UAE,
GateNews4h ago
Geopolitics and the Crypto Market: How the U.S.-Iran Hormuz Strait game is affecting Bitcoin’s price movement
On May 4, 2026, US President Trump made a high-profile announcement to launch a “Freedom Plan,” intending to guide merchant ships trapped in the Strait of Hormuz to pass through. The plan called for deploying missile destroyers, more than 100 sorties of aircraft, and about 15,000 active-duty servicemembers. However, less than 48 hours after the plan was implemented, Trump announced a suspension, citing “major progress in the comprehensive US-Iran agreement.” But Iran’s stance was very different:
GateInstantTrends5h ago
