According to HyperInsight monitoring, whale activities were notable from 10 AM to 8 PM on January 23, with significant adjustments and large-scale trading actions observed.
Long Position Activities
A whale known for its 'lightning reversal' strategy closed a ETH long position, securing $120,000 in profits. Shortly after, it took profit on a BTC short position of 354.87 coins, earning an additional $53,000.
Another whale displayed confidence in market direction by opening a 25x leveraged long position on 4,212 ETH at an average price of $2,962.62.
Short Position Movements
A whale famously known as the 'largest DASH short seller' took profit on a BTC long trade, gaining $711,000. However, losses of $3.2 million were recorded from long positions on ETH and SOL.
One whale, known for its swing trading strategy, took profit on a gold long position before swiftly shifting to a bearish stance. It opened a 5x leveraged short position on 25.929 PAXG, signaling strong bearish expectations.