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A major Bitcoin whale just closed out all long positions, dumping roughly 3,846 BTC worth around $350.4M at market prices. The move locked in losses exceeding $3.5M for the large holder. This type of aggressive position unwinding typically signals either risk-off sentiment or a strategic shift in market outlook. For traders watching whale flows, these large-scale liquidations can hint at broader market turning points, especially when multiple whales move in the same direction within a short timeframe. Whether this represents capitulation or repositioning remains to be seen as the market continues digesting Bitcoin's price action.