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Whale increases leveraged shorts to $169M across BTC, ETH, and SOL

Crypto Briefing
A major crypto trader has increased leveraged short positions across BTC, ETH, and SOL to a total value of $169 million.

Summary

A significant cryptocurrency trader, referred to as a 'whale,' has substantially increased their bearish leveraged positions across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), bringing the total value of these shorts to $169 million, according to data from Onchain Lens. The current aggregated position includes 36,281 ETH valued at over $106 million, 552 BTC worth approximately $48 million, and 114,677 SOL valued around $14 million. This aggressive move occurs while major digital assets are already experiencing market pressure, with Bitcoin trading near $87,000, Ethereum below $3,000, and Solana under $123.

(Source:Crypto Briefing)