「On-chain Counterparty」Whale Slashes SOL, ZEC Positions with Over $4M in Liquidations

According to Coinbob's whale address tracking data released on January 9, the so-called 'on-chain counterparty' whale address (0x94d) has begun a significant reduction of its long positions across multiple crypto assets including SOL, ZEC, PUMP, and HYPE. To date, approximately $4M worth of positions have been liquidated, bringing the total portfolio value down to around $352M. Notably, all HYPE long positions have already been closed.

The Whale That Bets Against the Market Leaders

Established in December with an initial investment of roughly $20M, this whale has gradually built up short positions in major cryptocurrencies like BTC and ETH. Its trading direction has sharply contrasted with MicroStrategy's continuous BTC accumulation, leading market observers to label it as the clear 'on-chain counterparty.'

• Targeted assets: SOL, ZEC, PUMP, HYPE, and others
• Total liquidated value: ~$4M
• Current portfolio size: ~$352M

Market participants are closely watching this whale's on-chain activity, as its moves could potentially influence short-term price actions.