According to Hyperinsight monitoring, the whale known as 'Lightning Counter' (address 0x50b30) made a bold move on January 7 by adding more positions in long BTC and ETH despite market headwinds.
Position Details
The whale's current holdings are as follows:
- Long 1,569.29 BTC (worth about $145 million) with 20x leverage, average entry price at $93,838.7, currently facing a floating loss of $1.682 million;
- Long 15,677.02 ETH (worth about $51.09 million) with 14x leverage, average entry price at $3,284.08, currently showing a floating loss of $388,000.
Market Signal Analysis
Despite the unfavorable market conditions and existing floating losses, the whale's continuous accumulation sends a strong bullish signal. Market analysts suggest this contrarian approach might indicate the investor's confidence in the long-term prospects of crypto assets.