BlockBeats News, March 2 — According to Coinbob’s popular address monitoring, a whale starting with 0x069 currently holds two positions: a 10x leveraged short on NASDAQ 100 (XYZ100) with a position size of $9.81 million at an average price of $25,020; and a 5x leveraged long on gold (GOLD) with a position size of $5.5 million at an average price of $4,861, totaling a position of $15.3 million.
On December 15, 2025, this whale initially positioned nearly $10 million in NASDAQ 100 shorts, likely betting on the overvaluation at the end of the U.S. interest rate hike cycle, which had previously experienced some unrealized losses.
More than two months later, on February 6, the first round of US-Iran talks in Muscat began. The address entered the market amid expectations of peace and a drop in gold prices below $4,900 per ounce. This move, about 20 days earlier than the subsequent escalation of tensions, was a strategic preemptive position.
On February 28, missiles struck. News of a joint US-Israel airstrike caused a surge in risk aversion in the market. Both positions took profits: the NASDAQ 100 short turned profitable, and the gold long temporarily increased unrealized gains to $500,000, with a return rate of 34%.
Currently, the position has shifted from a one-sided short in the stock market to a typical macro hedge strategy. However, if peace is restored, there is a high probability that the position will suffer losses on both sides.
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
The current mainstream CEX and DEX funding rates indicate that the market bearish sentiment has weakened.
According to BlockBeats, Bitcoin prices have slightly declined, and the funding rates on major exchanges indicate a weakening of the bearish market sentiment. The funding rate is a mechanism that adjusts the difference between the contract price and the underlying asset price.
BlockBeatNews31m ago
Greeks.live: Bitcoin Q1 options expiration approaching, major investors turning bullish for the second half of the year
Greeks.live analysis indicates that March 27 will see the largest Q1 options expiration, with nearly 40% of contracts expiring. Market indicators show that although Bitcoin faces resistance at $75,000 in the short term, large investors remain bullish for the second half of the year, actively rolling over call options to June and September. However, high implied volatility and time decay pose risks to short-term options buyers.
MarketWhisper1h ago
BTC drops below $70,000, long positions wiped out with $300 million liquidated, $14.16 billion options expiring today test the market direction
Bitcoin drops below $70,000, reaching a low of $69,036, with 24-hour liquidation hitting $248 million. Ethereum experiences the highest liquidation. Today, $14.16 billion worth of Bitcoin options expire, with the key strike at $75,000. Market sentiment is extremely fearful, and traditional markets continue to be under pressure. The future trend depends on geopolitical risks and the performance of U.S. stocks.
動區BlockTempo1h ago
GameStop pledges Bitcoin and sells call options, converting $368 million in reserves into a premium income strategy.
GameStop revealed in its fiscal year 2025 annual report that out of the 4,710 bitcoins it holds, 4,709 are pledged to support a covered call strategy aimed at earning option premiums. This strategy changes its accounting classification, treating the bitcoins as accounts receivable rather than direct holdings, increasing liquidity but reducing market control. If the bitcoin price exceeds the strike price, the company must deliver bitcoins, presenting high risk.
MarketWhisper2h ago
GameStop pledges 4,709 BTC to a CEX in January for a covered call options strategy.
GameStop's filings with the SEC show that in January, the company did not sell any Bitcoin but instead pledged approximately 4,709 BTC to a CEX for a covered call strategy. The company realized an unrealized gain of $2.5 million and currently holds only 1 BTC.
GateNews2h ago
MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge - BTC Hunts
The post MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge appeared first on Coinpedia Fintech News
MemeCore price just pulled off one of those blink-and-you-miss-it moves. A brutal 65% intraday surge sent the token flying from $1.70 to $2.80 only to slam straight into a
BTCHUNTS3h ago
