Whale closes over $270 million BTC short positions, stops out

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【ChainNews】On-chain data shows that a long-active whale has recently been making frequent moves. This whale, which previously sold 255 BTC during a market downturn, recently chose to close its position—completely closing short positions in BTC, ETH, and SOL worth over $270 million.

It is reported that this round of operations did not go as smoothly as expected. The whale ultimately incurred a loss of about $50,000 before completing the liquidation. It seems that this large holder's judgment of the market's subsequent trend has changed, or perhaps the short risk exposure has become sufficient, and it is time to take profits.

The actions of whales often reflect subtle shifts in market sentiment. This liquidation may indicate that the bearish sentiment in the market is cooling down.

BTC-2.70%
ETH-2.71%
SOL-2.17%
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