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Whale closes short positions amid market rally, adds new BTC and ETH shorts

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Whale activity intensified on March 17, 2026, as whale 58bro.eth faced liquidation of short positions in ENA, LTC, BNB, BTC, ETH, and HYPE amid a market rally. Whale activity continued with the addition of new BTC and ETH short positions, supported by a $7.81 million USDC deposit into Hyperliquid. Despite these losses, the whale remains profitable with total gains exceeding $32.8 million.

BlockBeats news, on March 17, according to Lookonchain monitoring, as the market rose, multiple short positions of the whale 58bro.eth were liquidated, including ENA, LTC, BNB, BTC, ETH, and HYPE.


However, he continues to short against the trend, adding to his BTC and ETH short positions by depositing 7.81 million USDC into Hyperliquid. Despite this, he remains overall profitable, with total profits exceeding $32.8 million.

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