【On-Chain Observation】Whales Concentrate on Short Selling, Short-term Rebound Signals for BTC/ETH Emerge?

In the past half hour, on-chain monitoring detected multiple large positions adjustments by major whales, with a notable commonality — short selling to buy becoming the main theme.

From the compiled data:

· BTC: Multiple "buy to short" operations, ranging from $1.9 million to nearly $5 million, alongside large "buy to open long" actions (such as $11.69 million, $4 million, $800k).
· ETH: Similarly, there are million-dollar-level "buy to short" records, accompanied by "buy to open long" moves.
· SOL: The largest single "buy to short" order reaches $28.25 million, with several "buy to open long" transactions as well.

Although some "open long" positions have not yet directly triggered a price rebound, the concentrated appearance of short selling often indicates that whales believe the downside is limited, opting to take profits or stop-loss on short positions, or even turning bullish.

Combined with macro data (the total number of oil drilling rigs recorded at 410, slightly higher than the previous value, but with limited overall impact), the market's short-term sentiment may revert to technical analysis and on-chain behavior.

👉 Summary:
Whale short selling → Reduced selling pressure expectations → Increased probability of a short-term rebound.
BTC and ETH are expected to see a technical correction rebound, watch for support at previous lows and trading volume coordination.
$ETH