Recent data reveals a series of swift trading moves by a whale address (0x50b30). According to HyperInsight, the address closed its BTC short position at 17:37, resulting in a direct loss of $496,000.
Lightning-fast Position Shifts
Following this adjustment, the address immediately initiated a hedging strategy, going long on 2,536.53 ETH (worth approximately $7.63 million) with 25x leverage and shorting 84.47 BTC (worth around $7.54 million) with 20x leverage.
- Known for rapid trades and aggressive moves
- Master of swift long-to-short shifts
- Frequently opens reverse positions right after closing
Analysts note that such a strategy requires sharp market instincts and precise timing, though it also carries significant risks. This latest activity once again highlights the potential influence whales can have on crypto market volatility.