Smart Money’s 25-Trade Streak Snapped, $19.7M Short Loss
On November 26, on-chain data revealed that a previously 25-trade winning “smart money” address saw its BTC, SOL and MON short positions move fully into loss territory amid a market rebound. Since early today, the address has trimmed its leveraged short bets: its 40× BTC shorts now total 99 BTC with a liquidation price of $89,867; its 20× SOL shorts stand at 50,713 SOL with a liquidation price of $143; and its 5× MON shorts are down to 24.028 million MON at $0.0564. The combined unrealized weekly loss across these positions has surged to roughly $19.71 million. This marks the end of its 25-trade win streak, which was snapped last Friday when a sharp dip triggered forced liquidations on its long positions.
Bullish
The heavy losses on major short positions suggest strong bullish momentum. Forced liquidations of BTC, SOL and MON shorts typically coincide with upward price corrections as sellers rush to close positions. In similar past events, significant short squeezes have accelerated rallies in underlying assets, driving prices higher in the short term. Over the longer term, sustained buying pressure and reduced bearish leverage can support continued upside. Traders may interpret this large unrealized loss by a key smart money address as a signal to favor long positions, reinforcing a bullish bias.