According to Ai 姨 (@ai_9684xtpa), since June 16, large whale and institutional traders have initiated short positions on 58 different cryptocurrency assets, including major coins such as BTC and ETH. These positions now show a combined floating profit of $20.65 million, with the total position size reaching $78.55 million. Only two of the 58 shorts are in a loss, with the best-performing being ETH, netting $4.2 million in profit, while HYPE is the largest loss at $3.78 million. This aggressive shorting strategy from institutional players signals bearish sentiment in both mainstream and altcoin markets, which could drive further volatility and potentially impact support levels for BTC, ETH, and related altcoins. Traders should monitor open interest and funding rates closely for signs of short squeezes or extended downside momentum. (Source: @ai_9684xtpa on Twitter)

According to Lookonchain, a trader who has previously secured over $15 million in profits on Hyperliquid is now actively shorting ETH, BTC, AVAX, SOL, and USUAL. Notably, this trader has placed 100 limit orders to short ETH within the $2,460 to $2,480 price range. This aggressive short positioning by a highly profitable market participant suggests increased caution for major crypto assets, potentially signaling short-term downside or heightened volatility for ETH and related altcoins. Source: Lookonchain via Twitter, May 19, 2025.