5 Altcoins Were Shorted After Bitcoin's Decline

The recent decline in the cryptocurrency markets continues to draw the attention of investors. Among the notable developments are the Bitcoin whales that have gained large amounts. Particularly, a whale that made 160 million dollars in profit during the sudden drop in Bitcoin's price has led to an increase in short positions in the markets.

Data provided by the on-chain analysis platform Lookonchain shows that two major investors with addresses 0x9eec9 and 0x9263 hold a total of 182 million dollars in short positions. These two whales have captured significant gains by taking advantage of the sharp movements in the cryptocurrency markets in recent days.

The first whale, 0x9eec9, made approximately 31.8 million dollars in profit during the downtrend. Currently, they hold a total of 98 million dollars in short positions in Dogecoin, Ethereum, PEPE, Ripple, and Aster assets. The other whale, 0x9263, exited its recent trades with a profit of around 13.2 million dollars and currently has 84 million dollars in short positions on Solana and Bitcoin.

Considering that these two whales have made significant profits from the recent major price drop, it becomes apparent that investors should remain cautious about potential larger fluctuations in the markets. Experts emphasize that such high-leverage short positions can increase the risk of speculation. In particular, the selling wave started after former U.S. President Donald Trump's trade tariffs on China has made the effects of such transactions more visible.

In conclusion, it is essential for cryptocurrency investors to closely monitor the price movements of Bitcoin and other altcoins. Analyzing altcoins that may show a short-term downtrend will play a decisive role in the decision-making processes of investors.