On-chain data tracking reveals that a well-known Whale Address is continuously increasing its short positions. This address previously made a significant sale of 255 BTC (worth approximately $21.77 million at the time) to establish shorting positions in BTC and ETH. Now it is not idle, continuing to expand its shorting position.
Currently, this whale's position size has become quite substantial: the BTC short positions have reached 1362.76 coins, equivalent to about 120 million USD; the ETH short positions stand at 715.79 coins, valued at approximately 2.15 million USD. From the trading strategy perspective, this whale is clearly bearish on the recent market trends. Such large short position changes usually attract the attention of traders, as the movements of whales often reflect some market clues. Interested friends can continue to follow the subsequent actions of this address.
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ZkProofPudding
· 11h ago
Wow, 120 million in short positions? This guy is really bearish, not joking
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The Whale is increasing the position on shorting again, is this wave going to crash? Or is it a bear trap?
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1362 BTC in short order... I just want to know when this guy will close position
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Being bearish to this extent, can the long positions hold up? It feels like a change in the weather is coming
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This Whale's moves are indeed worth following in the future
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The short holdings are getting heavier, should we follow suit?
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120 million USD in shorts, really daring to play
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Watching the Whale's movements every day, not sure if I'm seeing it right or getting played
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This scale of shorting will either become legendary or result in a teaching moment for blown positions.
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MemeEchoer
· 11h ago
Why is there again a buildup of short positions? This whale really seems to be bearish.
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GasFeeNightmare
· 11h ago
$120 million in short positions? I calculated the gas fees and it's enough to make me feel pain for a whole night, this Whale really dares to play.
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ReverseTradingGuru
· 11h ago
This Whale is still adding short positions, it should have taken the opposite position to go long by now.
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CoffeeNFTrader
· 12h ago
120 million in short positions? Dude, this is betting on a crash.
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Whales are so determined to short, I need to think in reverse.
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Wait, continuously increasing the position in shorting? Feels like the market is about to change.
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Is this guy really bearish or just trying to trick us into buying the dip?
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1362 BTC in short positions, the pressure must be immense...
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It's time to track the whales again, let's see if he makes a profit or loss this time.
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Continue to expand short positions? I think he's trapped and trying to increase the position to make up for it.
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With such a fierce scale of shorting, where are the other whales? Are they all this pessimistic?
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21.77 million is just the appetizer, now 120 million... that's crazy.
On-chain data tracking reveals that a well-known Whale Address is continuously increasing its short positions. This address previously made a significant sale of 255 BTC (worth approximately $21.77 million at the time) to establish shorting positions in BTC and ETH. Now it is not idle, continuing to expand its shorting position.
Currently, this whale's position size has become quite substantial: the BTC short positions have reached 1362.76 coins, equivalent to about 120 million USD; the ETH short positions stand at 715.79 coins, valued at approximately 2.15 million USD. From the trading strategy perspective, this whale is clearly bearish on the recent market trends. Such large short position changes usually attract the attention of traders, as the movements of whales often reflect some market clues. Interested friends can continue to follow the subsequent actions of this address.