The address 0xcac of the giant whale has turned to a one-sided bearish trend, with a short position size of $34.9 million

Hyperinsight monitoring shows that the position structure of the giant whale address 0xcac has significantly shifted recently. Previously, the address engaged in neutral arbitrage operations for a long time, earning the difference in funding rates by selling BTC spot and closing short positions, or buying spot and adding short positions. After the BTC price fell below $73000, the address began to unilaterally add short positions and now holds approximately $11 million in ETH and BTC spot, with the total size of short positions expanding to $34.9 million. The main positions include: 20 times leverage BTC short position size of 15.7 million US dollars, average price of 89900 US dollars, and floating profit of 4.3 million US dollars; 10 times leverage HYPE short order size of 11.8 million US dollars, average price of 33.6 US dollars, floating loss of 450000 US dollars; The 20 times leverage ETH short position size is 7.04 million US dollars, with an average price of 4011 US dollars and a floating profit of 6.64 million US dollars.