Whale's Major Trading Moves: Millions Lost and New ETH/BTC Positions Opened

Whale's Major Trading Moves: Millions Lost and New ETH/BTC Positions Opened

According to market monitoring data, on January 19, the well-known whale labeled '255 BTC Sold' made significant adjustments to its crypto holdings. It fully closed its long positions in Ethereum (ETH), Bitcoin (BTC), and SOL, then briefly switched to shorting. However, this maneuver ended in a loss of approximately $16.14 million.

Interestingly, shortly after exiting the market, the whale returned with a revised strategy and re-entered the market as a bull. It has now opened new leveraged long positions in Ethereum (15x leverage) and Bitcoin (20x leverage). In addition, the wallet still maintains a leveraged long in Dogecoin (DOGE, 10x) and a short in Dash (DASH, 5x).

Overall, the whale’s current portfolio is estimated at around $60 million, indicating a dynamic and adaptive investment approach amid market volatility.

• Closed ETH, BTC, and SOL longs
• Short-term shorting resulted in $16.14M loss
• Reopened ETH and BTC leveraged longs
• Total position value now near $60M