🐋 $23.6 MILLION $SOL SHORT CLOSED BUT THIS WHALE TOOK A $240K LOSS!
A major position just disappeared from the market.
According to Odaily, wallet 0xbf732…5d58, with approximately $20.92M in cumulative contract profits, has closed its large SOL short position.
📊 Here are the numbers:
- Position reduction: ~$23.61M
- Closing trade value: ~$23.72M
- Average closing price: $94.8964
- Realized loss: ~$240,000
Despite taking a loss on this exit, the wallet remains massively profitable overall.
My take: Closing such a large short is worth watching. It removes that position from the market, but doesn't automatically mean the whale has turned bullish on SOL.
Is this profit protection, a change in market outlook, or simply risk management?
#solana $LSK #WhaleAlert $BEAMX #altcoins #BTCPayServerUrgesOperatorsToShutDownInstances
A major position just disappeared from the market.
According to Odaily, wallet 0xbf732…5d58, with approximately $20.92M in cumulative contract profits, has closed its large SOL short position.
📊 Here are the numbers:
- Position reduction: ~$23.61M
- Closing trade value: ~$23.72M
- Average closing price: $94.8964
- Realized loss: ~$240,000
Despite taking a loss on this exit, the wallet remains massively profitable overall.
My take: Closing such a large short is worth watching. It removes that position from the market, but doesn't automatically mean the whale has turned bullish on SOL.
Is this profit protection, a change in market outlook, or simply risk management?
#solana $LSK #WhaleAlert $BEAMX #altcoins #BTCPayServerUrgesOperatorsToShutDownInstances