A significant crypto whale has initiated $243 million in leveraged short positions across Bitcoin, Ethereum, and Solana. The whale's positions include 1,899 BTC at 10x leverage, 18,527.53 ETH at 15x leverage, and 151,209.08 SOL at 20x leverage. To fund these positions, the whale sold 255 Bitcoin, signaling a strong bearish sentiment rather than a mere hedging strategy. This move has impacted the market, with Solana experiencing a 0.97% price dip amid high trading volumes. The development coincides with a rising fear and greed index, reflecting increased market apprehension.