According to @lookonchain, the 'Sold 255 BTC to short' whale closed over 270 million USD of BTC, ETH, and SOL short positions with an estimated loss of about 50 thousand USD. According to @lookonchain, the trader identified as wallet 0x94d3 initially sold 255 BTC to initiate shorts and then added new shorts totaling roughly 1,360 BTC, 36,281 ETH, and 348,215 SOL within the past 5 hours before closing. According to @lookonchain’s figures, the reported loss relative to the notional size equates to approximately 0.02 percent of exposure.