Major Transaction in Bitcoin, Ethereum, and Solana: Short-Selling Whale Turns Loss into Profit!
As the cryptocurrency markets continue to pull back, a major investor who opened large short positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) has managed to turn millions of dollars in losses back into profit.
According to the latest information shared by the crypto data analysis platform Lookonchain, a large investor who successfully captured the recent downward trend in the markets has started to profit again from the enormous short positions they opened. Previously, the whale, who had opened short positions in BTC, ETH, and SOL, suffered a total loss of 7.6 million dollars due to the price rise. However, the investor did not give up and invested an additional 11.9 million USDC in the market to cover the losses.
The recent pullback turned in favor of the investor, and significant losses were converted back into profit. Currently, the investor has made a profit of 2.17 million dollars from the Bitcoin short position, 1.77 million dollars from the Solana position, but still appears to be 141 thousand dollars in loss from Ethereum.
The whale has begun to close positions, particularly to realize profits from Solana positions. This situation has also caught the attention of SOL investors. Such large transactions can lead to deeper fluctuations in the cryptocurrency markets.
According to previously shared information by Lookonchain, this investor had invested a total of 62.4 million USDC in the platform. What the investor's next move will be remains a topic of curiosity.
