Well, the shorts used in BTC, ETH and SOL increase to $169M
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A major crypto trader has increased his bearish position on Bitcoin, Ethereum and Solana. The total cost of these shorts has risen to $169 million.
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According to data from Onchain Lens, an analytics platform that tracks blockchain trading activity, a major crypto trader raised his bibish bets on Bitcoin, Ethereum and Solana, raising the total value of his shorts to $169 million.
The current position has 36,281 ETH worth over $106 million, 552 BTC worth around $48 million, and 114,677 SOL worth about $14 million.
These powerful short positions come as crypto prices are already under pressure. Bitcoin fell to $87,000 on Monday evening, while Ethereum traded below $3,000 and Solana fell below $123, CoinGecko reported.
Bitcoin remains the largest decentralized crypto asset by market value, while Ethereum serves as the leading platform for smart contracts and decentralized applications. Solana is known for its high speed transaction process.
