A crypto whale is using $243 million in real money to issue a 'full short' warning on the three major mainstream coins. Wallet address 0x94d3...3814 has established an astonishing short position on BTC, ETH, and SOL through high leverage, betting that the market will decline significantly.
The short layout of the whale: high leverage, high risk
The position distribution of this 'bear giant crocodile' clearly displays a meticulously planned bet:
Mainly focusing on BTC (10x leverage): shorting with a value of up to $168 million, but currently experiencing a small loss of $60,000. This indicates that the entry point may not be ideal and is under upward pressure.
Profit point in ETH (15x leverage): short position worth $56 million, the only highlight in the current position, has realized a profit of +$477,000.
Testing SOL (20x leverage): short position worth $19 million, currently with a small profit of $35,000, the most volatile.
The key point is its 100% short exposure ratio, which means no hedging, purely betting on a one-sided decline, and the risk is very high.
Is it a signal or noise?
For ordinary investors, the operations of whales should be seen as an important risk warning, rather than a direct signal to follow.
Whales may see macro or on-chain risks that ordinary investors overlook and are positioning themselves in advance.
But this may also be a high-risk, high-error speculation; high leverage is extremely fragile in a volatile market.
In the cryptocurrency market, the movements of whales are worth paying attention to, but one's own risk management and independent judgment are more important. The current market is fiercely contested between bulls and bears, and ordinary investors should pay more attention to position control and the safety of their assets. In extreme volatility, allocating some assets to USDD, which is supported by over-collateralization (such as BTC, TRX) and can provide stable anchoring, may be a rational choice to cope with uncertainty.
