Investor Qwatio has actively added to his short positions in the largest cryptocurrencies, including 18,000 ETH worth 63.28 million dollars. He has also added to his short positions in XRP and SOL, and added to already existing BTC positions. In less than 24 hours, the trades have already generated an unrealized profit of 6.41 million dollars in the pair, which is an indicator of high bearish sentiment against altcoins.

$ETH

Pattern: Descending triangle on 4H chart.

Key Support: $3,480

Short Target: $3,300–$3,200 on breakdown with volume.

$XRP

Structure: Lower highs, weak momentum.

Breakdown Level: $0.59

TargetZone: $0.55–$0.52 after confirmation.

$SOL

Pattern: Bearish flag forming.

Breakdown Trigger: $153

Downside Target: $140–$135 on strong move down.