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Whale closes over $270 million BTC short positions, stops out
【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.
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Shorts cooling down? I think they're scared, this rhythm feels a bit familiar
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Closing 270 million USD in one go, they really have guts
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Losses and exit, it probably means they saw the wrong direction, nothing surprising
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Whales are all running, retail investors are still sleepwalking
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This time they really admitted defeat, it feels like the market is about to rebound
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$50,000 stop loss? If it were me, I would have held until liquidation already
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Large investors are starting to shift, we need to watch out later
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Shorts cooling down is a signal, but don't believe it entirely
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Throwing out 255 BTC, this liquidation is really nothing