$351 million long position: Big whale turns from bearish to bullish on BTC, ETH, SOL

【Blockchain Rhythm】On-chain data shows that the whale who previously sold 255 BTC has recently made a big move. This player not only completely closed their previous short positions but also turned around to open long positions on BTC, ETH, and SOL, using 20x leverage. Even more aggressively, they also opened a position on FARTCOIN with 10x leverage.

Let’s see how this calculation works out—the entire position size is as high as $351 million, distributed as follows:

2,151.75 BTC with 20x long positions worth $209.69 million—this guy is really not holding back. On the ETH side, they also didn’t hold back, stacking 29,823.51 ETH with 20x leverage, valued at $100 million. Although the amount of SOL looks large (265,236.44), after 20x leverage, it’s only worth about $39.07 million. Lastly, the 4.64 million FARTCOIN with 10x leverage cost only $2 million.

From closing shorts to fully opening longs, what does this 180-degree turn in trading strategy usually imply? It’s a signal worth paying attention to for market participants.