[Whale address 0x50B30 initiates ETH long hedge, total unrealized loss of $240,000] On December 31, according to Hyperinsight monitoring, whale address 0x50B30 shorted 798.73 BTC (approximately $70.72 million) with 20x leverage, while simultaneously going long on 5,626.42 ETH (approximately $16.71 million) with 18x leverage for hedging, resulting in a total unrealized loss of $240,000.