A whale made a short on Aster DEX, with profits exceeding $8 million on a single trade. Lookonchain tracked down the address and dug up the details: $2.35 million on SOXLUSD1, $1.17 million on SNDKUSD1, $1.03 million on BTC/USDT, and $615,000 on MUUSD1.
All four trades were right. That’s no luck—it’s getting the direction right. To make this kind of money shorting means the assets he bet against really were moving down at the time. $BTC That $1.03 million trade is proof.
The signal to watch is straightforward: whether the on-chain address is still adding to its position, and whether the short position on $USDT has been closed. Whether the whale exits matters more than anything they say.