On-Chain Evening Review: Whales Adopt Defensive Stance, Short Positions Rise

Whale Activity Snapshot

According to HyperInsight data, significant moves were recorded between 10 AM and 8 PM on January 22, with whales adjusting positions amid cautious market sentiment.

Long Position Adjustments

• A whale closed out BTC and ETH longs opened earlier in the day, with total exposure reaching $58.9 million.
• Another whale known for persistent long attempts exited BTC positions at a stop-loss, posting weekly losses of $1.31 million.

Rise in Short Bets

• A whale increased its DASH short exposure using 5x leverage, shorting over 107,986 DASH and becoming the largest short on Hyperliquid.
• One whale took profits after closing ETH long positions, earning $216,800 in gains.