According to BlockBeats via Lookonchain, whale address 0xd85d closed long ETH and SOL positions at losses of $5.33M and $3.72M before opening substantial short positions, signaling a tactical market shift amid volatility.
On August 7, data from BlockBeats via Lookonchain revealed that whale address 0xd85d closed long positions on ETH and SOL, incurring losses of $5.33 million and $3.72 million respectively, and subsequently opened new short positions totaling 10,491 ETH (valued at $38.70 million) and 100,000 SOL (worth $16.86 million), indicating a strategic repositioning amid market fluctuations.