A Whale is Betting Big Against Crypto: Will BTC, ETH, and SOL Face Fresh Pressure?

TheNewsCryptoPubblicato 2026-06-22Pubblicato ultima volta 2026-06-22

Introduzione

A new crypto wallet has placed a large bearish bet against the market, opening 20x-leveraged short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) worth nearly $48 million on Hyperliquid. This significant leveraged trade signals strong expectations of a near-term price decline but also carries high risk of liquidation if prices rise. Currently, Bitcoin trades around $63,888, with key support at ~$63,641 and resistance near $64,273. Ethereum hovers at $1,732, facing potential support near $1,619 and resistance around $1,811. Solana trades near $73.96, with immediate resistance at ~$74.52 and support at $72.04. The price action for all three assets is described in terms of potential bullish "golden cross" or bearish "death cross" technical patterns influencing their near-term direction.

A newly created wallet has caught the attention of the crypto traders after making a sizable bearish bet on the market through Hyperliquid. As per the data, wallet address 0xaeaa deposited 6.68 million USDC and used the capital to open multiple 20x-leveraged short positions in 3 of the largest tokens by market value.

The positions include 430.64 BTC worth $27.46 million, 4,280 ETH valued at around $7.37 million, and 181,245 SOL, roughly at $13.24 million. In total, the trader has gained exposure to nearly $48 million in short positions, signalling a strong expectation that prices could move lower in the near term.

Large leveraged trades attract market attention because they can reflect the outlook of well-capitalised traders or institutions. However, such positions carry significant risk. Moreover, with 20x leverage, even small price increases in Bitcoin, Ethereum, or Solana could trigger substantial losses or force liquidations.

Bitcoin Attempts to Move Higher

The dominant asset, Bitcoin (BTC), is currently trading at $63,888. Besides, the daily trading volume is settled at $18.9 billion after a 9.87% surge over the last 24 hours. The asset’s lowest and highest trading range is found at $63,221 and $64,712.

If the bears gained more traction, the nearest support could be at $63,641. Upon the death cross taking place, the Bitcoin price would fall below $63,420. On the flip side, when the bulls enter, the BTC price might immediately jump to the resistance at $64K. Assuming the market is moving up, with the emergence of the golden cross, the price could climb above $64,273.

Why is Ethereum Stalled?

After the recent price dip, the largest altcoin, Ethereum (ETH), is hovering at $1,732. Notably, a 23.29% increase is noted in the trading volume, reaching $9.85 billion. The lowest trading point is at $1,701, and the highest level is $1,756.

The asset’s trading pattern shows that the support is likely to be found at around $1,619. With the death cross popping out, the ETH price may fall even deeper toward the $1.5K range. Upon a reversal in the Ethereum market, the resistance levels would be at around $1,811 and above. If the potent golden cross shows up, the price would gradually move higher.

Where is Solana Heading?

At press time, Solana is trading within the $73.96 mark, with the trading volume at $2.16 billion, after a surge of over 14.95%. According to the price chart, the lowest and highest trading prices have been noted at $72.38 and $74.75, respectively.

With the 4-hour pricing pattern, the SOL momentum might climb to the resistance at around $74.52. If the bulls strengthen and initiate the golden cross to emerge, the price could go even higher. If a bearish reversal occurred, the Solana price would instantly slip to the support at $72.04. More losses could trigger the death cross and send the price below the $71 range.

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Domande pertinenti

QAccording to the article, what is the total exposure value of the bearish bets placed by the wallet address 0xaeaa, and which three cryptocurrencies are targeted?

AThe wallet address 0xaeaa has gained exposure to nearly $48 million in short positions. The bets target Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

QWhat leverage level did the trader use for the short positions mentioned in the article, and what is the primary risk associated with such leverage?

AThe trader used 20x leverage for the short positions. The primary risk is that even small price increases in the targeted cryptocurrencies could trigger substantial losses or force liquidations.

QWhat are the potential support and resistance levels discussed for Bitcoin (BTC) in the article?

AFor Bitcoin, the nearest potential support is at $63,641, with a deeper fall possible below $63,420 if a 'death cross' occurs. The immediate resistance is at $64,000, with a potential climb above $64,273 if a 'golden cross' emerges.

QWhat price levels does the article suggest as key support and resistance for Ethereum (ETH) in its current market condition?

AFor Ethereum, the article suggests support is likely around $1,619, with a potential deeper fall toward the $1.5K range. The resistance levels would be around $1,811 and above.

QBased on the 4-hour pricing pattern, what is the identified resistance level for Solana (SOL), and what could trigger a price drop to the $72.04 support?

ABased on the 4-hour pattern, the identified resistance level for Solana is around $74.52. A bearish reversal could trigger a price drop to the support at $72.04.

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