15-5-2025 – A cryptocurrency trader has managed to reverse substantial losses into profitable positions during the recent market downturn, according to blockchain analytics firm Lookonchain.
Despite facing initial setbacks across multiple digital assets, the seasoned investor’s strategic short positions on Bitcoin (BTC) and Solana (SOL) have yielded impressive returns. The trader’s Bitcoin ventures culminated in a $2.17 million windfall, whilst their Solana positions generated profits of $1.77 million.
However, the trader’s portfolio hasn’t been entirely golden, with Ethereum (ETH) positions remaining in the red, recording losses of $141,000. Fresh market data indicates the investor has begun systematically reducing their short exposure to Solana, implementing a calculated profit-taking strategy.
