Evening On-Chain Insights: Whale Movements in Major Cryptos Signal Market Shifts

Key Moves from Bull Whales

Whale address 'pension-usdt.eth' closed all Bitcoin long positions and opened a $73.5 million short on ETH with 3x leverage, indicating a major strategy shift.

This seasoned trader, who has already realized $98.18 million in profits, is now adding 20,000 ETH to their portfolio, signaling long-term confidence.

Notable Actions from Bears

Whale 'flash-reverse' locked in $1.3 million profit from ETH shorts before pivoting to BTC long positions, showing renewed bullish sentiment towards Bitcoin.

Meanwhile, nemorino.eth dumped 3,000 WETH, adding to signs of short-term bearish pressure in the market.