According to Onchain data, a crypto whale opened a large short position just before the market crash.
The investor, known by the username qwatio in the cryptocurrency market, opened a new short position worth approximately $63.28 million worth of 18,000 Ethereum (ETH) in the last hour.
Along with this move, he also reportedly increased his short positions on XRP and Solana (SOL).
The whale wallet has made an unrealized profit of $6.41 million so far from the short trades it opened since last night.
” ]
Another striking detail is the symmetry in the number of short positions in the investor’s portfolio:
The Bitcoin (BTC) position was opened with 40x leverage and includes a short trade totaling 1,111.11 BTC. The position is approximately $125.1 million in size, with unrealized profits currently exceeding $5.2 million. The entry price for this trade is $117,297.50, and the current market price is $112,546. The liquidation price is $120,777.55.
