Altcoin Short Whale Faces $4.06M Drawdown Across 28 Positions on May 9

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.