A high-volume cryptocurrency trader known as Evaded has successfully secured significant unrealized gains through strategic short positions on the world’s leading digital assets. According to data provided by on-chain analyst Ai Yi, the trader—who acts as a counterparty to Garrett Jin—currently holds short positions in Bitcoin (BTC) and Ethereum (ETH) valued at approximately $71.11 million, yielding an unrealized profit of $1.506 million as of May 29, 2026.
Detailed Analysis of BTC and ETH Short Positions
The whale's strategy involves aggressive leverage across two of the most liquid markets in the blockchain ecosystem. The portfolio is divided between a massive Bitcoin short and a substantial Ethereum position, both of which are currently "in the money."
- Bitcoin (BTC) Short: The trader is holding 960 BTC with 30x leverage. The position was opened at an average price of $70,991, resulting in a current unrealized profit of $1.177 million on a total position value of $67.79 million.
- Ethereum (ETH) Short: The trader holds 12,600 ETH utilizing 25x leverage. With an entry price of $3,033.3, this position has generated 329,000 in unrealized gains, representing a total market value of $38.31 million.
Risk Management and Protective Stop-Loss Orders
Despite the high-leverage nature of these trades, the entity has implemented strict risk management protocols to protect the accumulated capital. High leverage increases the risk of liquidation if the market moves against the position, necessitating precise exit strategies.
The trader has established specific price targets to automatically close the positions should the market trend reverse:
- The stop-loss for the Bitcoin position is set at $72,000.
- The stop-loss for the Ethereum position is set at $3,080.
These levels suggest that the trader expects continued downward pressure or consolidation below these psychological resistance levels.
The activities of institutional-grade "whales" like Evaded are closely watched by the community as they can signal broader market sentiment or liquidity shifts within the DeFi and centralized exchange sectors. While the current unrealized profit of $1.506 million is substantial, the volatility inherent in the BTC/USD and ETH/USD pairs means these figures remain subject to rapid change until the positions are officially closed.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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