Whale Moves: Bearish Signal Returns
According to on-chain analytics, a well-known trading address has shifted back into aggressive short positioning after fully exiting a bullish stance that netted over $14.5 million in profits. This strategic reversal marks a significant shift in sentiment from a player known for precise market timing and large-scale directional bets during key market cycles.
Breakdown of the New Short Exposure
The latest data reveals a total short position nearing $35 million across major cryptocurrencies. The portfolio includes approximately 315.89 BTC (~$30M), 901.85 ETH (~$3M), and 13,800 SOL (~$2M), all established with 20x leverage. While currently in minor unrealized loss, the structure suggests a firm bearish outlook over the near to mid-term horizon.
Why This Trade Matters
- The address previously gained attention as the largest BTC short holder on a major derivatives platform;
- Its current bearish stance runs counter to ongoing institutional accumulation trends;
- The use of high leverage indicates high conviction, possibly based on macro indicators or on-chain divergences.
Analysts warn that such whale activity often precedes broader market shifts. While prices remain supported by liquidity, this move could signal growing skepticism among top-tier traders.