A major whale who previously dumped 255 BTC into short positions has now closed out over $270 million in combined BTC/ETH/SOL shorts. The move came with a significant catch though—the trader locked in roughly $50K in losses on the unwind. Interesting timing given the recent market volatility. Worth keeping an eye on whether this signals a shift in sentiment from large players or just portfolio rebalancing.
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MagicBean
· 3h ago
Haha, the big whale lost 50K and still pretends to be actively rebalancing. I've seen this trick way too many times.
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NewPumpamentals
· 4h ago
Daring to close the position with a 50k loss? This whale must be haunted by the shadow of liquidation.
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LiquidationWatcher
· 4h ago
A $500,000 loss and you want to walk away completely? Even the big fish can't withstand this wave of market conditions.
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ShitcoinArbitrageur
· 4h ago
Are you willing to close all positions with a 50k loss? How strong must this big investor's mindset be? I'm panicking.
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zkProofGremlin
· 4h ago
Sold at the top, lost $50,000... Even whales have their crashes.
A major whale who previously dumped 255 BTC into short positions has now closed out over $270 million in combined BTC/ETH/SOL shorts. The move came with a significant catch though—the trader locked in roughly $50K in losses on the unwind. Interesting timing given the recent market volatility. Worth keeping an eye on whether this signals a shift in sentiment from large players or just portfolio rebalancing.