#数字资产市场动态 On-Chain Whales Shift! $74 Million Short Position Emerges

On January 14th, on-chain monitoring data released clear risk signals.

That top whale who made a profit of $24.5 million by precisely selling 255 BTC has changed its move — completely switching from bullish to bearish, and this is not a small move but a heavy bet with real money.

Just look at its current positions to see how aggressive it is: BTC short 464.28 (about $44.1 million), ETH short 6606.66 (about $22 million), SOL short 54281 (about $7.8 million), all with 20x leverage, with total short exposure approaching $74 million.

But what’s truly worth paying attention to isn’t the number itself, but the logic behind the operation.

This is smart money taking profits at high levels and changing strategies — not trapped or impulsive.

There are still a bunch of retail investors hoping the market will continue to rise, but they’ve already locked in profits and turned to the opposite side of the long.

The playbook for this kind of capital has always been straightforward — no matter how beautiful the trend looks, they don’t follow the herd; they only go in when the odds of shorting are more favorable.

This doesn’t mean the market is about to crash, but there’s a clear signal: now is no longer a good time to hold heavy long positions.

Whether the market can continue to rise depends on whether new funds step in; however, the shorts have already taken their position in advance.

The calmer and more stable the market looks, the more we should be alert to the actions of these whales — it’s always like this.