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Trader Opens $2.42M Leveraged Short on AAVE at $151

Whale trading activity now shows closure of shorts on BTC, AAVE, and SOL with multimillion-dollar profits, reflecting aggressive strategies in volatile crypto markets.

BTC
SOL
AAVE

Summary

On Dec. 24, a whale opened a $2.42 million leveraged short on AAVE at $151, followed by a $31 million Bitcoin short and smaller AAVE short on Dec. 26. On Dec. 27, Onchain Lens reported the whale closed short positions in BTC, AAVE, and SOL, realizing $1.13 million in profit. This increased the trader’s cumulative gains to over $5.08 million, underscoring the scale of recent aggressive leveraged plays in the crypto market.

Terms & Concepts
  • Leverage: Using borrowed funds to increase the size of a trading position, amplifying both potential gains and losses.
  • Liquidation Price: The price at which a leveraged position is forcibly closed by the exchange to prevent further losses.
  • Stop-Loss: A predefined price level where a trade is closed to limit potential losses.