On-chain monitoring data shows that a large holder has recently been very active. This whale investor has not only increased their BTC short position to 10x leverage but also recently opened a combination of ETH 10x leverage short and SOL 20x leverage short positions.

In terms of position composition, their total holdings now amount to $169 million. ETH has the largest weight, with 36,281 tokens valued at approximately $106.5 million; BTC holdings are 552.25 coins, worth about $48.16 million; SOL holdings are 114,700 tokens, valued at $14.13 million.

This multi-asset, multi-leverage short position configuration is relatively rare. BTC, ETH, and SOL, as the largest market cap coins, are being shorted simultaneously with different leverage multiples, which may reflect this whale's short-term market judgment. This on-chain move could become a key point for market participants to observe.