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Whale liquidated $265 million and turned to short DASH, with unrealized gains reaching $255,000
【CryptoPush】On-chain data shows that a major holder completed a large-scale liquidation operation 3 hours ago—selling off long positions in BTC and ETH worth $265 million. Although this liquidation resulted in a total loss of $324,000, the trader did not exit the market. The quick turnaround saw him immediately short DASH with 5x leverage, currently holding 73,000 coins (approximately $5.46 million market value), with an average entry price of $78.26, and an unrealized profit of $255,000, making him the largest DASH short position on the chain.
This is not the first operation by this address. Looking back at history, during a period when he was continuously increasing BTC holdings on a major exchange, he was heavily shorting mainstream coins like BTC and ETH. At one point, with a position size of $120 million, he ranked first on the platform’s BTC short leaderboard. It’s clear that this trader has a strategic approach to contrarian positioning—immediately switching to new targets after liquidation, shifting from BTC and ETH shorts to DASH shorts, continuously betting against the market trend.