On-chain analytics have identified a significant short position taken by a prominent whale address regarding Solana (SOL). The entity executed a short order for approximately 455,000 SOL, valued at roughly $61.77 million, with an entry price around $165.5 utilizing 20x leverage. According to current data, this speculative position sits with a floating profit estimated at over $13.62 million. While speculative players are betting against the asset, institutional activity paints a different picture of continued accumulation. Recent reports indicate that the Bitwise BSOL Solana ETF withdrew another 192,865 SOL (approximately $26.39 million) from Coinbase to custody addresses. This movement highlights a sharp divergence in market sentiment: a massive leveraged short from a large individual player versus steady spot accumulation by institutional ETF providers. [Update 1] Added data regarding Bitwise ETF inflows contrasting the whale's short position.