A whale that opened a 20x leveraged short position on BTC, ETH, and SOL four days ago has closed it, pocketing approximately $4.4 million in profit. The same whale immediately reopened a similar 20x short position, now holding 912.9 BTC ($54.55M) and 10,025 ETH ($15.65M), signaling a continued bearish outlook.
Whale Doubles Down on Short After Profiting $4.4M
According to on-chain analytics platform Lookonchain, a whale who initiated a 20x leveraged short position on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) four days ago has now closed that trade, realizing a profit of approximately $4.4 million.
Rather than cashing out, the whale promptly opened a new 20x leveraged short position of similar magnitude. The current position includes 912.9 BTC (worth roughly $54.55 million) and 10,025 ETH (worth about $15.65 million), bringing total exposure to over $70 million.
This aggressive re-entry suggests the whale maintains a bearish view on the near-term market direction. Large leveraged short positions can influence market sentiment, and traders are advised to monitor on-chain data for further whale activity.
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