A high-stakes short position by a prominent crypto whale has sent shockwaves through derivatives markets, causing volatility in the prices of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The trader used $50.5 million USDC for leverage to bet against these assets, experiencing substantial losses despite an initial profit. The shift from profits to losses was triggered when the same whale increased their short position, exposing a vulnerable position to recent market volatility. Meanwhile, Bitcoin continues to battle near-term support and resistance levels. Ethereum, after breaking out of a long downtrend, is showing signs of resilience with continued bullish momentum. Solana, however, is facing heavy selling pressure, with a significant price drop in the past day.