In accordance with HashNews, Onchain Lens monitoring data shows that as the market declines, the whale address '0x35d' has increased its SOL short position to 20x leverage, currently generating approximately $15.9 million in floating profits.
Whale Increases 20x Leverage on SOL Short Position, Gains $15.9M in Profits
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Summary
Whale address '0x35d' has ramped up leverage trading on its SOL short position to 20x, according to Onchain Lens data. As the market drops, the position now holds $15.9 million in floating profits. The move highlights how some traders are prioritizing aggressive strategies over value investing in crypto during bearish conditions.
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