According to on-chain data monitoring, a major whale's recent activity has attracted attention. This whale investor has completely liquidated long positions in BTC, ETH, SOL, and DOGE, incurring losses of up to $2.64 million during the process.

Seemingly after stopping losses, the whale still maintains a bearish outlook on the market. It continues to hold a short position in DASH and is also shorting $100 worth of BTC, ETH, and SOL. This operation of closing longs while maintaining shorts reflects this large holder's cautious attitude towards short-term market trends.

Another noteworthy data point is the sharp fluctuations in the profit curve. In just 5 days, the whale's account profit plummeted from a high of over $25.7 million to $2.58 million, a decline of over 90%. This rapid loss of profits may also be a key reason for its decision to close long positions.