Whale Adjusts Investment Strategy: ETH Liquidation Shifts to Gold Longs

Whale Rebalances Portfolio, Shifts Focus to Gold Market

According to Hyperinsight, on February 3, a whale address starting with 0xb49 closed its long ETH position of 1,712.48 ETH at an average price of approximately $2,325, totaling around $3.98 million. The funds were then reallocated to increase exposure in the xyz:GOLD long position.

The address continues to hold multiple leveraged positions, including:

• 25x leveraged ETH longs with 1,129.9 ETH, valued at approximately $2.629 million, showing a floating profit of about $2,201;
• 16x leveraged xyz:GOLD longs valued at approximately $11.3 million, with a floating profit of 1.53%;
• 10x leveraged xyz:SILVER longs valued at approximately $1.399 million, with a floating loss of 0.44%.

This movement reflects the whale’s bullish stance on gold and highlights the shifting dynamics between cryptocurrency and precious metal investments.