The current situation is that neither going long nor going short is appropriate; holding the spot is the way to go!
A certain whale closed its long positions 5 hours ago, incurring a loss of about 5.33 million dollars in ETH and about 3.72 million dollars in SOL, totaling a loss of approximately 9.05 million dollars.
Subsequently, the address quickly turned to shorting, establishing new short positions, including shorting 10,491 ETH (approximately 38.7 million dollars) and 100,000 SOL (approximately 1.686 million dollars), with a total short value exceeding 55.7 million dollars.
