Are the whales changing direction? BTC continues to see short positions opened, while SOL shorts have been liquidated 580 times

The latest on-chain data shows that large whale funds have begun to clearly diverge. For BTC, the top positions long-short ratio is 128 longs vs 140 shorts, with shorts leading by about 9%. In the past few hours, major holders consecutively established 60 BTC short contracts (about $35.88 million) and 21.3 BTC short contracts (about $12.86 million), indicating that some funds have shifted from bottom-fishing to building shorts for a rebound. The main focus now is on the **$60,800** resistance and **$58,500** support. For ETH, the largest on-chain short position has reached 54,199 ETH, with a nominal value of about $869 million and a liquidation price concentrated at $1,660. If the price breaks through this level, it could trigger a large-scale short squeeze; if it fails to break through, short sellers will remain in control. SOL has become the strongest mainstream coin at present. Although the top positions are still 37 longs vs 45 shorts, in the past 24 hours there have been only 8 long liquidations but 580 short liquidations, with shorts being squeezed more than 70 times. Meanwhile, multiple whales who opened long positions in the $66–$75 range have now entered profit, with the biggest profit exceeding $1.1 million, showing that capital is still flowing in. Overall, BTC is showing a bearish bias, ETH remains under strong short pressure, while SOL continues to retain capital strength. The focus going forward will be on the three key levels: BTC $60,800, ETH $1,660, SOL $79. A breakout at any of these levels could again change the market structure.