On January 19, Hyperinsight's on-chain monitoring revealed intense activity among major addresses between 10:00 and 20:00. Both bulls and bears adjusted positions aggressively, signaling potential shifts in market sentiment amid growing volatility.
Bulls double down: massive ETH inflows fuel leveraged plays
A well-known cyclic lending whale withdrew 32,395 ETH (over $100 million) from Binance, likely for collateralization, indicating sustained confidence in ETH’s upward trajectory.
In a cross-market move, a prominent 'gold bull' trader placed a limit order to go long 100,000 ounces of silver at $84, suggesting expanding bullish conviction beyond crypto.
Profit-taking emerges as long-term holders cash in
- A whale exited a 65-day-long ETH long position (5,000 ETH), securing $581,000 in profits;
- The same or linked entity closed a 95,000 SOL long held for 41 days, realizing $293,000 in gains.
These moves suggest early entrants are locking in returns amid uncertain momentum.
Bears trim exposure: signs of a sentiment pivot?
The so-called 'lightning reverser' whale covered 10,800 ETH shorts, pocketing $1.085 million, significantly reducing bearish leverage.
Another key bearish player, often seen as a bellwether for altcoin sentiment, took partial profits on LTC and ASTER shorts. Despite this, they remain the largest open short on ASTER via Hyperliquid, indicating selective, not wholesale, bullish conversion.
Overall, whale behavior reflects heightened caution. With both sides repositioning, the market may be entering a decisive phase ahead of the next major move.