A prominent on-chain trader at address 0xdd6a has established a $26.5 million aggregate short position across five major digital assets on Aster DEX using 20x leverage. All five positions are currently in profit.
The largest position is 3,629 Ethereum valued at $9.33 million, followed by 73,728 Solana worth $8.52 million. The trader also holds 48.37 million Dogecoin ($4.24 million), 1.68 million XRP tokens, and an unspecified Bitcoin position.
The 20x leverage amplifies both potential gains and liquidation risk. Even minor price reversals across multiple large positions can trigger rapid liquidations. The current profitability reflects accurate market timing and conviction.
On-chain infrastructure on Aster DEX provides real-time visibility into large trades and capital flows. The strategy signals a broad bearish market outlook across two major smart contract platforms and leading layer-one networks.
