PANews reported on January 29 that, according to Ai Yi, the "insider who opened short positions after the 1011 flash crash" has accumulated a floating loss of upPANews reported on January 29 that, according to Ai Yi, the "insider who opened short positions after the 1011 flash crash" has accumulated a floating loss of up
The "1011 Insider Whale" lost approximately $53 million in two hours.
News Brief
According to PANews on January 29, Ai Yi notes that the trader who initially shorted following the 1011 flash crash is currently staring down approximately $84 million in unrealized losses across their $704 million long positions—positions they bolstered on January 28. Remarkably, within just the past two hours alone, they've shed roughly $53 million. This situation clearly demonstrates how rapidly fortunes can reverse when making substantial crypto bets, particularly after switching from short to long positions.
PANews reported on January 29 that, according to Ai Yi, the "insider who opened short positions after the 1011 flash crash" has accumulated a floating loss of up to $84 million on its current long positions worth $704 million after adding to its positions on January 28. In the past two hours alone, it has lost about $53 million.
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