🚨 Just now (around 3:00), on-chain whales suddenly concentrated and closed positions!

We detected multiple large BTC / ETH short positions being actively bought and closed, with astonishing amounts:

· ETH short closed: $15.50 million, $9.42 million, $5.86 million
· BTC short closed: $7.88 million, $2.21 million
· SOL short closed: $1.39 million
· HYPE two-way position adjustment: short $2.75 million, long $2.36 million

The key signal is:
The whales didn’t keep adding to their shorts—instead, within the same time window, they intensively bought to close shorts. This usually means—
👉 Short sellers are panicking into stop-loss hedging and forced short liquidations are getting cleared up.

Combined with the recent market’s continued pressure and the strong bearish sentiment, this behavior likely suggests:
🐋 The whales believe there’s limited room for further downside, and are exiting early to avoid rebound-driven liquidation risks.

Although they haven’t immediately switched to long positions, “short sellers panic to close” often serves as a leading signal for a short-term bottom.
If later there is sustained volume-driven upside + long positions entering, the next upswing may not be far away.

⚠️ Note: Data is from on-chain monitoring only and is for reference; it does not constitute investment advice. The market still carries risks—please manage your positions carefully.

$ETH