Makes you pause for a second…
A whale just opened a $48.3M $ETH short and a $21.4M $SOL short, both sitting at 20x leverage.
That’s not a casual trade. At that level of leverage, the margin for error is razor thin. One sharp move the wrong way and the position is under serious pressure. Which tells me this isn’t a long-term view it’s a timing bet.
What’s interesting is the contrast we’re seeing in the market right now. Some big players are aggressively shorting, others are quietly accumulating. Same charts, completely different conclusions.
Trades like this don’t mean the market has to go down. Sometimes they’re hedges, sometimes they’re volatility plays, and sometimes they’re just high-risk attempts to catch a move early.
For everyone watching from the sidelines, the real signal isn’t the direction of the trade it’s the environment. Conviction is split, leverage is high, and patience is being tested.
