Betting Against Silver… and Silver Didn’t STOPPED at all 🥶

This whale thought silver had gone a little too far. You know the feeling ... price feels stretched, vibes feel crowded, and you think, yeah… this should cool off. So he leaned in very Hard.

A couple hours ago, wallet 0x61CE finally cracked a bit and let go of 60k+ SILVER, locking in an $823K loss. Not the kind of button you press happily.

But here’s the thing… he didn’t walk away.

Right now the account is still sitting on a massive silver short, about 334k #Silver , roughly $36.5M in size. The entry was way lower, price kept grinding up, and the unrealized loss is hovering around $4M, give or take. Leverage taken… 20x isolated.

The account itself tells the story. Around $38M still in perp positions, margin more than halfway used, overall PnL bleeding red to the tune of -$5.6M. ROE deep underwater. Funding’s technically positive, but that’s like finding spare change when your tire’s flat.

There is a tiny side short on $LIT too ... smaller size, but honestly it feels like background noise compared to the silver trade that just refuses to cooperate.

Silver keeps pushing. The liquidation line sits higher, watching… waiting. And the whale is still in the ring, bruised, lighter than before, but not done.

The market doesn’t care how confident you were when you clicked sell.

Wallet, for anyone watching this slow-burning drama unfold:
0x61CEeF212fF4a86933C69fb6aca2fe35D8F2A62B