According to a report, on January 28, tracking data revealed that the whale address 0x50b30, known for its rapid position reversals, first closed its ETH short position before aggressively adding to its BTC short exposure just two hours later. The wallet is currently shorting 794.98 BTC using 20x leverage, with an average entry price of $88,738.9, now facing an unrealized loss of $330,000.
Interestingly, this whale is well-known for its swift market moves, frequently initiating large-scale reverse trades shortly after closing previous positions, showcasing a highly reactive trading strategy.