On January 25, data from Hyperinsight revealed that a whale address starting with 0x50b3 significantly increased its BTC long positions within the past 24 hours. The account added multiple positions with 20x leverage, and currently holds a total of 379.62 BTC, worth around $33.69 million, with a floating loss of $209,000. The average entry price was $89,318.
Simultaneous ETH Short Strategy
Notably, the whale also established ETH short positions with 25x leverage. After several rounds of trades, the total short position now stands at 9,999 ETH, valued at approximately $29.36 million, with a floating loss of $15,000. The average entry price was $2,935.
- BTC Long Position: 379.62 BTC (~$33.69M)
- ETH Short Position: 9,999 ETH (~$29.36M)
The whale’s trading strategy indicates a strong risk appetite, and its next moves could have a significant impact on the market.