A whale added to its short positions in BTC and ETH and opened a short position in SOL, currently showing a floating loss of $2.35 million.

2025-12-232025-12-22 by admin

PANews reported on December 22nd that, according to Onchain Lens monitoring, a whale that sold 255 BTC and established short positions in both BTC and ETH not only added to its position but also established a new short position in SOL with 20x leverage. The specific position details are as follows:

1,182.67 BTC ($105.6 million)
1,266 ETH ($5.8 million)
7,883.15 SOLs (approximately US$1 million)

The whale’s current unrealized losses exceed $2.35 million.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.