- Whale positive factors $4M+ from BTC and SOL shorts by way of high-leverage buying and selling on DeFi protocols.
- SOL brief exit in progress after $1.77M revenue and $121K in funding earned.
- ETH brief lags with $141K loss regardless of funding positive factors, displaying blended technique outcomes.
A high-stakes crypto dealer has recorded thousands and thousands in earnings from robust brief positions throughout Solana (SOL), Bitcoin (BTC), and Ethereum (ETH). On-chain exercise reveals fast-paced buying and selling habits on decentralized protocols.
The pockets, labeled 0x5b5d5120…F298C060, maintains a leveraged buying and selling technique totaling $57.66 million in notional worth, completely allotted to perpetual contracts on the Hyperliquid and HIP-2 protocols. No funds are presently allotted to identify belongings, staking, or vaults, reinforcing the account’s singular give attention to derivatives.
Because the market pulls again, this whale who shorted $BTC, $ETH and $SOL has turned losses into earnings once more.
He is now up $2.17M on $BTC and $1.77M on $SOL, with a remaining $141K loss on $ETH.
He simply began closing his $SOL brief to take earnings.https://t.co/7kv7R4NzEk pic.twitter.com/JtR8VfEzJJ
— Lookonchain (@lookonchain) Might 15, 2025
Information from the HIP-2 protocol highlights a collection of speedy trades executed on the SOL-USD pair. In a time span barely exceeding 100 seconds, the pockets carried out a number of brief trades, every starting from 44.79 to 58.66 SOL. The trades, valued between $9,993 and $9,999, have been opened and closed nearly immediately, reflecting a constant buying and selling quantity at a token value of roughly $170.80.
These brief bursts of exercise level to algorithm-driven buying and selling or execution testing aimed toward capturing slender value fluctuations. The repetitive nature of the trades, involving the identical asset and related volumes, suggests a coordinated sample somewhat than random habits. The HIP-2 knowledge confirms that the pockets has not engaged with different buying and selling merchandise, akin to staking or vault participation.
SOL Brief Now Being Closed for Positive aspects
The whale has begun exiting the SOL brief place, indicating a transfer to safe earnings. The unique brief totaled -357,433 SOL at a mean entry of $175.13. With SOL now buying and selling at $170.18, the unrealized revenue is roughly $1.77 million. The commerce has additionally earned $121,731 in funding rewards.
The current flurry of exercise noticed on HIP-2, consisting of almost an identical open-close sequences, exhibits the method of unwinding the brief. This possible displays a strategic withdrawal from the place after hitting favorable revenue margins, somewhat than a broader shift within the dealer’s market stance.
The most important brief place held by the dealer is in Bitcoin, the place the notional worth reaches $113.84 million. The pockets shorted -1,119.17 BTC at a mean of $103,665.30. With Bitcoin’s present value now at $101,721, the dealer has booked an unrealized revenue of $2.17 million. As well as, the BTC place has amassed $205,760 in funding revenue.
In contrast to SOL and BTC, the Ethereum place stays in a slight loss. The pockets shorted -25,530 ETH at $2,522.26. At present market costs of $2,527.80, the place exhibits a $141,283 unrealized loss. And regardless of all this, the ETH brief has gathered $ 95,561 in funds, to a sure extent making up for the value hole.
The pockets’s motion on these three belongings exhibits a strategic, leveraged guess with the intention at decentralized perpetual markets. With 5x cross leverage, danger and potential reward are amplified, hinting at high-conviction with regard to modern market tendencies.
