CoinWorld News, on February 28, according to Hyperinsight monitoring, the spot silver price has been steadily rising this month, briefly surpassing $94 last night and this morning. Influenced by this trend, the whale address (0x8af) that has been shorting silver since January 28 has seen its unrealized losses expand to $1.28 million, a loss of 85%. Currently, this address still holds a short position in SILVER (Silver Mapping Contract) worth approximately $10.47 million, with an average entry price of $83.1, and a liquidation price of $105, making it the largest on-chain silver short. CoinWorld News reports that after opening the position last month, this address initially recorded significant unrealized gains. However, as the recent market turned upward and the position shifted from profit to loss, it has begun gradually reducing its holdings. In the past five days, it has closed approximately $4.4 million worth of positions.