On January 19, the latest data from Coinbob Hot Address Monitoring revealed that a whale address (0x94d) significantly increased its long positions in BTC and ETH in recent hours, bringing total holdings to $272 million. This move took place within the past two hours, with the following details:
- 15x ETH Long: Position size of approximately $221 million, average entry price of $3,213, currently showing a floating loss of $240,000;
- 20x BTC Long: Position size of approximately $43.7 million, average entry price of $9.30, currently showing a floating loss of $30,000.
In the early hours of today, the whale had to liquidate long positions in three major cryptocurrencies due to market volatility, incurring losses exceeding $15.3 million. Shortly after, it aggressively took a 20x leveraged position to buy the dip in BTC and ETH, pushing its total holdings to $53 million. However, these positions were fully closed around 15:00 today, marking a new round of strategic entry.
The address started accumulating positions in December last year, initially managing a fund of around $20 million. It gradually added to its short positions in BTC and ETH. Given its trading direction being opposite to MicroStrategy, a listed company continuously purchasing BTC, the whale has been seen as a direct on-chain counterparty. Recently, it has made several large-scale bullish moves, with its total holdings reaching hundreds of millions of dollars.