Whale "255 BTC Sold" Closes Long Position on Major Coins, Short-Squeezed for a Loss of $16.14M, Now Reopens ETH and BTC Longs

BlockBeats News, January 19, the whale's "255 BTC Sold" address has completely closed its ETH, BTC, and SOL long positions, and briefly went short, eventually exiting with a loss of about $16.14 million.

Subsequently, the whale switched back to a long position, opening new ETH (15x) and BTC (20x) long positions, while still holding a DOGE (10x) long position and a DASH (5x) short position, with an overall position size of about $60 million.