Whale Closes Long Positions on BTC, ETH, and Suffers Losses Over $20M

According to data released by Onchain Lens on January 20, a crypto whale that previously drew attention for selling 255 BTC has fully closed its long positions in BTC, ETH, SOL, and DOGE, suffering a loss of over $2.64 million.

Portfolio Adjustments

Notably, the investor hasn't completely exited the short market, maintaining a short position on DASH and placing $1 million short bets on ETH, BTC, and SOL respectively.

• Positions Closed: BTC, ETH, SOL, DOGE
• Short Positions: ETH, BTC, SOL
• Remaining Shorts: DASH

Profit Plummets

Within just five days, the whale's account profits have seen dramatic fluctuations. Initially surpassing $25.7 million, profits have now dropped sharply to $2.58 million, highlighting the extreme volatility impacting major market players.