A prominent whale trader has recently closed significant long positions totaling around $413M, locking in substantial gains. Here's what went down:
The trader offloaded roughly 2,453.62 BTC (valued at $234.23M), banking $7.06M in profits from this position alone. Meanwhile, 31,256 ETH worth $103.87M generated $5.4M in returns. Additionally, the exit from 493,330 SOL (approximately $71.75M) brought in $1.96M, pushing the total profits to $14.5M across all three major positions.
This strategic liquidation reflects calculated risk management in the current market environment, showcasing how institutional players are adjusting their exposure to Bitcoin, Ethereum, and Solana simultaneously.
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A prominent whale trader has recently closed significant long positions totaling around $413M, locking in substantial gains. Here's what went down:
The trader offloaded roughly 2,453.62 BTC (valued at $234.23M), banking $7.06M in profits from this position alone. Meanwhile, 31,256 ETH worth $103.87M generated $5.4M in returns. Additionally, the exit from 493,330 SOL (approximately $71.75M) brought in $1.96M, pushing the total profits to $14.5M across all three major positions.
This strategic liquidation reflects calculated risk management in the current market environment, showcasing how institutional players are adjusting their exposure to Bitcoin, Ethereum, and Solana simultaneously.