On-chain tracking data flagged by Lookonchain and cited by BlockBeats shows that a high-volume trader has significantly expanded short exposure across multiple top cryptocurrencies.
The wallet address 0x94d3, already known for aggressive positioning, initially opened a short position of 255 $BTC , valued at roughly $21.77 million. Over the last five hours, the trader has doubled down, adding substantial new short positions.
The latest data indicates additional shorts of:
1,360 $BTC
36,281 $ETH
348,215 SOL
Despite the scale of these positions, the account is currently sitting on an unrealized loss of approximately $1.03 million, suggesting the market has moved temporarily against the trade.
This type of positioning often reflects strong conviction rather than short-term speculation. Large traders are sometimes early, not wrong. However, such exposure also carries significant risk if momentum shifts further.
As always, whale activity is worth monitoring, but it should not be blindly followed. Timing, leverage, and risk tolerance matter more than wallet size.
