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Recently, I observed some interesting market changes. A group of participants has clearly shifted their operational mindset — they were mainly shorting various cryptocurrencies before, but now they are gradually closing those short positions and turning to long positions.
Specifically, they have opened new long positions on BTC, ETH, SOL, XRP, and XPL. After multiple batch additions, the total accumulated position size has reached approximately $120 million. This strategic shift from short to long actually reflects an improving market participant outlook on the future trend.
Such large-scale position changes often serve as a market sentiment indicator. If this mood persists, the prices of the related cryptocurrencies may find some support. It’s worth paying attention to subsequent developments to see if the market will follow these institutional moves.