Massive Transaction in Bitcoin, Ethereum and Solana: Short Whale Turned Loss into Profit! - Coin Bulletin

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While the cryptocurrency markets are experiencing a pullback, a giant investor who opened a large short position in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) managed to turn the millions of dollars he lost back into profit.

According to the latest information shared by the crypto data analysis platform Lookonchain, a major investor who successfully captured the recent downward trend in the markets has started to profit again from the massive short positions they opened. The whale, which previously opened short positions in BTC, ETH, and SOL, had incurred a total loss of 7.6 million dollars due to the price increase. However, the investor did not give up and invested an additional 11.9 million USDC into the market to cover the losses.

The recent pullback has turned in favor of the investor, transforming significant losses back into profits. Currently, the investor has made a profit of 2.17 million dollars from the Bitcoin short position and 1.77 million dollars from the Solana position, while still seeing a loss of 141 thousand dollars in Ethereum.

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The whale has started to close its positions, especially to realize profits from its Solana positions. This situation has also caught the attention of SOL investors. Such large transactions can lead to deeper fluctuations in the cryptocurrency markets.

According to information previously shared by Lookonchain, this investor has invested a total of 62.4 million USDC in the platform. What the investor's next move will be is a matter of curiosity.