A certain whale liquidated its long positions in ETH and SOL, incurring losses exceeding $9 million, and subsequently opened a short position worth $55 million.

This whale is really dramatic, with a loss of 5.33 million ETH plus a loss of 3.72 million SOL, directly flipping to become a short seller. Considering the 'Four War ETH Whale' is nearing liquidation, with a principal loss of $2.34 million, leveraged players are collectively getting wiped out.

I think this signals a strong short-term bearish sentiment in the market, but Thomas Lee predicts ETH will rise to $16,000, with institutions buying 1.6% of the supply as support, suggesting to buy ETH on the dips, and shorts shouldn't be too arrogant.