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#密码资产动态追踪 There is a well-known big whale in the circle who has been competing with the PEPE market. According to on-chain data tracking, this whale used 3x leverage to short kPEPE, holding a short position of over 1.2 billion tokens, with a total scale of about $8.54 million — this is not a small position.
Currently, the unrealized loss on the books is approximately $133,000. It sounds like a significant number, but for someone engaged in this kind of operation, what truly matters is not the immediate profit or loss. What does this position really reflect? It’s the persistence of extreme bears — those big players who firmly believe the market will reverse and are still holding on tightly.
$BTC $ETH $PEPE 's movement influences the entire market. The existence of such a massive short position indicates that the bearish force has not given up.