On-chain whales close positions for big profits, shorting the three major mainstream coins with gains exceeding $3.96 million

2026-01-16 10:28:24

Abstract generation in progress

According to on-chain monitoring data, a well-known whale just completed a profitable operation on the HyperLiquid derivatives platform. This major holder previously established a large short position, including 255 BTC shorts, which has now been fully closed, resulting in a profit of over $3.96 million.

The Whale's Precise Operation

The core of this profit lies in the whale's systematic short positioning on the three major cryptocurrencies: BTC, ETH, and SOL. In the current market environment with BTC at $95.55K, ETH at $3.31K, and SOL at $143.10, the whale chose to fully take profits and completely close the related short positions.

Market Insights

On-chain whale activities are often seen as a market sentiment indicator. The recent profit of over $3.96 million from this major holder's closing position reflects that, at the current price levels, some top traders have achieved their expected profit targets. Such on-chain movements are worth paying attention to and may serve as a reference signal for market turning points.

BTC-0,42%

ETH-0,48%

SOL2,3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.