A seasoned whale with extensive market experience recently completed a classic position reduction on MON, and the transaction data is quite impressive.

According to on-chain data, this whale partially took profits on 44.75 million short contracts on MON, with a single trade profit of $621,200 and a return of 42.21%. Currently, it still holds a $4.41 million short position on MON, with a liquidation price set at $0.243, providing a substantial safety margin.

What’s even more noteworthy is the story behind this trade. The whale initially started building short positions on ZEC at a price of $184, enduring a floating loss of $21 million, almost suffering in hell. But he did not cut losses; instead, he held his position firmly, eventually turning the losses into profits.

From the data perspective, his average entry price was $0.03, and the total profit from this take-profit was $1,468,600. The remaining position of $4,414,600 indicates that the whale remains bearish on the market, maintaining short positions on both ETH and MON.

Looking at this operation, the strategy of "reduce positions when falling and take profits, then add shorts during rebounds" is textbook-level. Every move by whales reflects deep analysis of market sentiment and technical factors. Such trading data always offers valuable insights for traders seeking to understand the true market liquidity.