Bitcoin Whale Closes $270 Million Short After Selling 255 BTC to Fund Short Bets on BTC/ETH/SOL
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News reports, citing LookIntoChain analytics, that a prominent whale unwound a large short exposure across Bitcoin, Ethereum, and Solana, totaling just over $270 million. The transaction framework suggests a coordinated adjustment of risk positions, with liquidity dynamics reflecting a shift in market sentiment.
In the same update, the address reportedly transferred 255 BTC on the 19th and reallocated the funds into leveraged shorts: BTC at 10x, ETH at 15x, and SOL at 20x. The operation produced an approximate $50,000 realized loss, underscoring the fragility of highly leveraged trades amid price volatility and the ongoing risk landscape for cross-asset crypto hedging.