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A major investor recently adjusted their position strategy, establishing a sizable short position on mainstream cryptocurrencies. Specifically, the short position in BTC reached $87.68 million, Ethereum shorted $55.48 million, and SOL shorted $27.53 million. Interestingly, the institution also allocated $14,000 in long positions on SUI. The overall short exposure has exceeded $170 million. What market signals does this move convey? From the position structure, large investors are cautious about mainstream cryptocurrencies in the short term but remain optimistic about the emerging public chain SUI.