According to the latest data from Hyperinsight, on January 23, a crypto whale with the wallet address starting with 0xdf78 opened two high-leverage short positions within 30 minutes.
The first was a BTC short trade with 20x leverage. The position involved 50 Bitcoin, worth approximately $4.45 million. The average entry price was $89,064, with an estimated liquidation price at $98,000.
At the same time, the whale also initiated an ETH short position, also at 20x leverage. This trade included 1,500 Ether, valued at around $4.38 million. The average price for this position was $2,917, with a liquidation level at approximately $3,213.
- BTC Short: 50 BTC, $4.45M value, $89,064 average price, ~$98K liquidation
- ETH Short: 1,500 ETH, $4.38M value, $2,917 average price, ~$3,213 liquidation
This strategic move suggests the whale has a strong bearish outlook on the crypto market's near-term direction, warranting close attention from investors.