A whale reversed its long position and opened short positions in major cryptocurrencies, totaling over $91 million.
TL;DR
A whale closed long positions in BTC, SOL, and ZEC and opened over $91 million in short positions with leverage, resulting in mixed unrealized profits and losses.
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[A whale closes long positions and turns to short, establishing over $91 million in short positions in major cryptocurrencies] According to Mars Finance, on December 29th, Hyperinsight monitored a whale that closed its long positions in BTC, SOL, and ZEC and subsequently began establishing short positions. Its current holdings are as follows: $47.8 million in BTC short with 20x leverage, average entry price $88,959.5, unrealized loss $632,000; $32.56 million in ETH short with 18x leverage, average entry price $3,000.61, unrealized loss $365,000; and $10.68 million in SOL short with 20x leverage, average entry price $128.52, unrealized profit $11,000.