Since May 9, two whale addresses have cumulatively shorted BTC, ETH, and SOL for 320 million USD, currently turning to unrealized profits.

According to TechFlow, on May 13, on-chain analyst Ember (@EmberCN) observed that two whale addresses recently conducted large-scale shorting operations on $BTC, $ETH, and SOL.

Among them, address 0x5b5d used 50.50 million USDC with 5x leverage to short cryptocurrencies worth 228.00 million USD, currently holding an unrealized profit of 6.38 million USD;

Address 0xB83D used 33 million USDC with 3x leverage to short cryptocurrencies worth 92.10 million USD, currently holding an unrealized profit of 220 thousand USD.

The short positions of these two whale addresses both started on May 9.