#Solana行情走势解读 On-chain activity has once again sparked a major movement. Tonight, the whale's rebalancing pace is incredibly fast, shifting from long positions to short positions, with almost every major player reconfiguring their holdings.

On the long side, a whale decisively closed their ETH long position, incurring a loss of $2.536 million, but also reduced their BTC holdings—this move essentially signals "the market isn't stable yet, better to protect the principal first." Even more drastic, another whale directly stopped out of a $15.53 million ETH long, losing $6.16 million—no hesitation in cutting losses.

But some players are betting on a rebound: a major holder who previously made $963,000 from PEPE longs, immediately used 3x leverage to pour in $8.7 million, effectively pushing all their paper profits into the new market trend. Such bold position switching is truly daring.

On the short side, there are also many actions. A veteran trader who previously earned $20 million through swing trading has started closing their HYPE and XPL shorts in batches; another whale took it even further, turning a short signal into a long signal, opening a 20,000 ETH long position with 3x leverage—literally flipping their stance publicly.

To sum up the current situation: major players are all practicing "rapid risk control." Either cutting losses to preserve capital or quickly shifting positions to new opportunities. The key phrase is "not stubborn, flexible switching."

This is a clear warning to small and medium investors: the market volatility is intense right now, even whales are adjusting risk levels in seconds. Ordinary investors should avoid stubbornly holding on.