Major crypto whale reconfigures portfolio: Solana is included in short positions for the first time

BlockchainRetirementHome · 2026-02-02T08:14:19+00:00

A significant cryptocurrency whale known as the "Air Force Commander" has dramatically shifted its trading strategy following a major liquidation event. With an aggressive pivot towards Solana, the whale opened a $15.86 million short position using 20x leverage, reflecting confidence in price declines. The whale's portfolio grew from $266 million to $305 million, indicating active engagement in derivatives markets despite past losses exceeding $20 million from a cascade liquidation. This transition illustrates both the pursuit of recovery and the risks associated with high leverage in turbulent markets.Following this, the whale increased its holdings in Solana, taking advantage of the recent market downturn. The move was accompanied by strategic options trading, aiming to hedge against further declines. Analysts note that such aggressive tactics highlight the high-risk, high-reward nature of whale trading behavior. Despite the losses, the whale remains confident in a potential rebound, leveraging derivatives to maximize gains while managing exposure carefully. This case exemplifies the complex strategies employed by large players in volatile crypto environments.

BlockchainRetirementHome

2026-02-02 08:14:19

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A significant cryptocurrency whale with the address 0xd83, nicknamed “Air Force Commander,” has made radical changes to its trading strategy following a recent severe liquidation. According to the analytical platform ChainCatcher, this major market player has not only closed losing positions but also embarked on an ambitious reorientation of its portfolio, redirecting capital into new assets.

New Direction: Aggressive Expansion into Solana with Maximum Leverage

The most notable move was the whale opening a short position in Solana using 20x leverage. This maneuver positions the large player against the growth of the Solana network with a volume of 123,000 units (approximately $15.86 million). The decision to use maximum leverage indicates high confidence in the whale’s forecast regarding the near-term price movements of this asset.

Portfolio Transformation: Total Holdings Reached $305 Million

After executing all transfers and opening new positions, the whale’s total portfolio size increased from $266 million to $305 million, demonstrating growing activity in derivative markets. Over the past 24 hours, the floating profit of the major player amounted to approximately $2.6 million, indicating an initially successful calculation by its traders.

A detailed analysis of the updated portfolio shows the following short position structure:

Bitcoin: increased from $145 million to $150 million (average entry price $91,000, liquidation level $91,800)
Ethereum: increased from $96.1 million to $106 million (average price $3,067, liquidation at $3,061)
PEPE: expanded from $13.3 million to $19.3 million (average price $0.0049, danger zone at $0.0058)
Solana: newly opened position of $15.86 million (average price $127.9, risk level $157)

Past Turmoil: Largest Loss in This Address’s History

An important context for understanding the whale’s current decisions lies in its recent trajectory. Previously, this address held an impressive portfolio valued close to $500 million and maintained leading positions in short contracts on Bitcoin, Ethereum, PEPE, and XRP simultaneously. However, fate turned against it mercilessly.

On January 22 at 03:30 UTC+8, the large whale faced cascading liquidations across five crypto instruments. The total losses exceeded $20 million, with the total liquidated value of positions approaching $200 million. This event marked a turning point in this player’s tactics.

The current reallocation of the whale’s assets demonstrates its desire to recover from losses while maintaining an aggressive trading approach. However, high leverage levels remain a double-edged sword: they can quickly generate profits but also carry significant risks of repeated liquidations during unexpected market price jumps.

SOL-2,23%

BTC-1,88%

ETH-1,48%

PEPE-2,22%

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