On-chain whale address opens short position on silver with $6.9 million, unrealized gains reach $910,000

GateNews

2026-03-16 10:25:32

BTC3.29%

Gate News reports that on March 16, according to on-chain data monitoring, the silver (SILVER) price on a decentralized derivatives platform dropped to $77.1. Address 0x61ce’s short position in silver has an unrealized profit of $310,000 (90%). This short position was opened on the 14th, and currently holds a 20x leveraged SILVER short with an average entry price of $80.76, a position size of $6.9 million, and a liquidation price of $136. This address previously became one of the largest on-chain silver shorts with a position of $35 million. During the significant rise in silver prices in January, it was forced to close the position and now also holds an equivalent long position in BTC.

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