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Whale Closes Short Positions, Opens 20x Leverage Longs in BTC, ETH, SOL, and FARTCOIN

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BTC
$89,546.50-0.7%
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ETH
$2,939.53-2.98%
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SOL
$128.59-1.86%
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FARTCOIN
$0.2981-5.54%
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A whale has closed all short positions and opened leveraged long positions in BTC, ETH, SOL, and FARTCOIN using leveraged trading. The total value of these positions is $351 million, including 2,151.75 BTC at 20x leverage ($209.69 million), 29,823.51 ETH at 20x leverage ($100 million), 265,236.44 SOL at 20x leverage ($39.07 million), and 4.64 million FARTCOIN at 10x leverage ($2 million). This move suggests that the whale is anticipating a breakout above key support and resistance levels.

Odaily Planet News: According to Onchain Lens monitoring, a whale who previously sold 255 BTC has completely closed their short positions and turned bullish on BTC, ETH, SOL, and FARTCOIN. The total value of their long positions amounts to $351 million, including:

- 2,151.75 BTC long position with 20x leverage (209.69 million USD);

- 29,823.51 ETH long position with 20x leverage (equivalent to $100 million);

- 265,236.44 SOL 20x long position (39.07 million USD);

- 4.64 million FARTCOIN 10x long positions (2 million USD).

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