Bearish march on silver: account 0x61cee strikes again with $9.5 million

Whale_Whisperer · 2026-02-12T18:03:45+00:00

Amidst market volatility, trader Silver Ironhead Short has executed a significant bearish strategy in silver, opening a $9.5 million short position with 20x leverage, despite prior losses. Current unrealized losses indicate the position is under pressure, raising concerns about risks involved.

Whale_Whisperer

2026-02-12 18:03:45

Abstract generation in progress

Amid the volatility of the precious metals market on the blockchain, trader known as Silver Ironhead Short demonstrated consistency in his bearish strategy. In early February (the 3rd), the HyperInsight analytical platform identified a new aggressive entry of this address into the silver market.

Massive Short Position with Maximum Leverage

According to BlockBeats, this involves a significant short position on xyz:SILVER worth $9.5 million with 20x leverage. The trader opened the position at an average entry price of $83.73 per unit. At the time of the report, unrealized losses had already reached $272,000 — indicating that the silver price is moving against the short seller’s expectations.

History of Bearish Bets and Accumulated Losses

Address 0x61cee shows a consistent commitment to bearish tactics in the silver market. However, history indicates that such strategies do not always yield profits. Previously, the trader closed a long short position, but not with a profit — losses amounted to $4.79 million. Despite significant past losses, this same address is again entering the market with an aggressive bearish position, risking substantial capital.

Risk and Ambition: Bearish Scenario with 20x Leverage

Using 20x leverage turns any position into a high-risk bet. With such a setup, even a small price movement in the wrong direction can lead to liquidation. The current loss of $272,000 shows that the bearish forecast has not yet materialized, but the trader is still holding the position, possibly betting on a market reversal.

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