$XRP and $SOL Under Pressure: š„A Single Whale Initiates a $17M High-Leverage Short
According to on-chain data from analyst Ai Yi, a crypto whale has entered a high-leverage short position on #xrp and #solana , with a combined value of approximately $17.07 million.
š The key details are: š£. XRP : 3,333,333 coins shorted at an-opening price of $2.9. š£. SOL : 44,444.44 coins shorted at an opening price of $164.18. š£. Leverage: 20x on both positions š° Current Unrealized Profit: $6.01 million
This aggressive, high-risk move from a single large holder has many speculating about what's to come. While they are currently in profit, the high leverage means a sudden price increase could lead to a massive liquidation event. This is a clear indicator of the extreme volatility and high stakes in today's crypto market.
š§According to recent data from Glassnode, the latest Bitcoin market correction was largely driven by short-term investors. A staggering 85.5% of on-chain selling in the past 24 hours came from wallets that had held their #bitcoin for a limited time.
Between July 31 and August 1, these short-term holders (STHs) moved a massive $18.24 billion worth of Bitcoin. In contrast, long-term holders (LTHs) contributed just 14.5% of the selling, moving only $3.1 billion. This led to a total of $21.34 billion in Bitcoin changing hands.
This spending behavior suggests that the recent market dip is not a sign of a wider loss of confidence among seasoned investors. Instead, it seems to be newer buyers either taking profits or cutting their losses.
Analysts see this as a potentially bullish sign. Historically, when long-term holders remain steadfast during a correction, it indicates that strong underlying conviction in Bitcoin's future remains, despite short-term market volatility.
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After long short fall doge coin Is preparing for a reversal. The coin has strong volume in the Past 24 hrs ( 1.98 billion.) *Check and prepare for the best entry . And ready for earn some good $BTC Historical
# Use these data and prepare #
š² Historical Dogecoin Price Information Time period
High Low
7 days $0.2477. $0.1958
30 days $0.2869 $0.1958
1 year $0.4799## $0.0808
5 years $0.6818 $0.0015
While the trading volume in the last 7 days is ā¹1.9T, or an average of ā¹276B, which would be a -ā¹35B decrease from the last 24h trading volume. The trading volume in the last 30 days is ā¹8.9T, or an average of ā¹298B, which would be a -ā¹57B decrease from the last 24h trading volume.
šš» First Go and check the doge market And analysis the chart if it suits your strategy then make a move .
Make sure that you are putting stoploss / exit strategy ( Risk / Reward Ratio )