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This guy Is Making a Massive Bearish Bet on $SOL .
Most traders are focused on Bitcoin and Ethereum, wallet 0x9137 has taken aim at Solana. Just one or two hour ago, the whale opened a huge 20x short position on 554,680 #SOL , worth approximately $38.15 million, making it one of the larger SOL shorts currently on Hyperliquid.
The trader isn't only bearish on SOL , he's also maintaining a sizable short position on $ETH , giving the account 100% short exposure.
Current Positions: SOL Short (20x Cross), Position Size: 554,679.88 SOL, Position Value: $38.32M, Entry Price: $69.2303, Unrealized Profit: $77,831, Margin Used: $1.92M, Liquidation Price: $84.8368, Funding Paid: -$11,491 .
ETH Short (11x Cross): Position Size: 2,577.62 ETH, Position Value: $4.27M, Entry Price: $1,680.4, Unrealized Profit: $61,370, ROE: +15.81%, Margin Used: $388,189, Liquidation Price: $5,061.8, Funding Paid: -$414 .
Both the SOL and ETH shorts are in profit, with the whale sitting on over $139K in combined unrealized gains. But the real story is the size of the SOL position. With more than half a million SOL sold short and nearly $40 million riding on the trade, this whale is clearly betting that Solana has further downside ahead.
Address: 0x9137bd9347f07990a8ce22869f8b93d190479c5a