Crypto Whale Executes Dramatic $140M Short Reversal on Bitcoin, Ethereum, and Solana

A prominent crypto whale, tracked by wallet address 0x94d, has dramatically reversed its strategy by opening $140 million in 20x leveraged short positions across Bitcoin, Ethereum, and Solana. This bearish move signals deep pessimism amid mounting market pressures and regulatory delays.

The Positions Breakdown

According to on-chain tracker The Data Nerd, the positions opened on January 13 include $69.93 million short on Bitcoin, $50.3 million on Solana, and $20 million on Ethereum via Hyperliquid. Just two days prior, the whale liquidated $80 million in longs, including XRP and Solana, after Bitcoin's price drop.

Trader's Track Record and Risks

The address boasts a 62% win rate with $9.9 million profits from high-frequency trading over 22 days. However, these high-leverage shorts risk liquidation if prices rebound suddenly, potentially sparking a market squeeze.

Markets Face Headwinds

Bitcoin dipped to $91,200 (-0.9%), Ethereum to $3,110 (-1.3%), and Solana to $139 (-3%). Over $204 million in liquidations hit the market, led by Bitcoin longs. Key triggers include Senate delays on the CLARITY Act—postponed to late January—and upcoming CPI data that could sway Fed expectations.

With policy uncertainty in Washington and economic data looming, traders eye volatility. Platforms like OneSix offer secure crypto wallets for navigating such turbulent times.