'Lightning Counterattack' Whale Bets Big on BTC and ETH with Over $29 Million in Combined Positions

On January 26, data from HyperInsight revealed that the whale known as 'Lightning Counterattack' (0x50b30) opened leveraged long positions on both BTC and ETH within the last hour. This whale entered a BTC long position with 20x leverage on 199.4 BTC at an average price of $87,584.2, and a 25x leveraged ETH trade on 4,321.8 ETH at $2,872.85 per ETH.

Betting on a Market Reversal, But Facing Short-Term Losses

Despite the massive investment into bullish positions, both trades are currently facing unrealized losses due to recent market volatility. This strategy suggests strong confidence in a potential market rebound, though short-term headwinds remain evident.

• BTC Long Position: 199.4 BTC with 20x Leverage
• ETH Long Position: 4,321.8 ETH with 25x Leverage

Analysts noted that such synchronized positioning typically indicates expectations of a strong market move upward, though price action should be closely monitored to manage leverage risk.