
On-chain data reveals some whales posting multi‑million gains from shorts as others face rapid liquidations, highlighting the extremes of leveraged crypto trading outcomes.
On Feb. 5, whale trading performance displayed sharp contrasts. One whale shorting Solana (SOL) at an average of $143 holds $53 million in positions, with SOL near $90 yielding $30.35 million profit. Additional BTC and ETH shorts bring total gains above $35 million. Another major whale held 21 crypto shorts, including LIT, ASTER, and PUMP, trimming holdings from $50 million to $12 million in one month, with Feb. 5 unrealized daily gains of $7.9 million and monthly profits of $11.78 million. In contrast, a BTC whale identified as address 0x4b6 suffered $11.46 million in liquidations within two hours, including a $3.08 million single loss, after 40x leveraged BTC longs lost 158 BTC worth $11.22 million.