coin-img-ETHETH-0.71%coin-img-BTCBTC+1.48%coin-img-SOLSOL+0.12%coin-img-XRPXRP-2.41%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.60%coin-img-OKBOKB-1.91%coin-img-ADAADA-4.73%coin-img-ETHETH-0.71%coin-img-BTCBTC+1.48%coin-img-SOLSOL+0.12%coin-img-XRPXRP-2.41%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.60%coin-img-OKBOKB-1.91%coin-img-ADAADA-4.73%coin-img-ETHETH-0.71%coin-img-BTCBTC+1.48%coin-img-SOLSOL+0.12%coin-img-XRPXRP-2.41%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.60%coin-img-OKBOKB-1.91%coin-img-ADAADA-4.73%coin-img-ETHETH-0.71%coin-img-BTCBTC+1.48%coin-img-SOLSOL+0.12%coin-img-XRPXRP-2.41%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.60%coin-img-OKBOKB-1.91%coin-img-ADAADA-4.73%

On-chain Data Shows Large Leveraged Shorts in BTC, ETH, SOL

A large cryptocurrency trader closed approximately $413 million in long positions for a profit of about $14.5 million before opening new 20x leveraged short positions in bitcoin, ether and solana, according to on-chain data tracker Lookonchain. The positions include shorts on 464 BTC (about $44.1 million), 6,606 ETH (about $22 million) and 54,281 SOL (about $7.8 million). Lookonchain also reported that the same trader had previously sold 255 BTC to enter short positions before later reversing their stance.
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