Evening Market Recap: Market weakened, short sellers took profits, and a wave of stop-loss orders emerged from long positions.
TL;DR
Market weakened as whales adjusted positions: long positions incurred losses, including a $3.6M BTC loss and $5.7M ETH unrealized loss, while short sellers like 'pension-usdt.eth' profited $393k from closing a $63M ETH short.
Tags
According to Hyperinsight's monitoring, the following are the movements of popular whale that made new portfolio adjustments between 10:00 and 20:00 today:
Bullish camp:
A whale closed its long BTC position, incurring a loss of approximately $3.6 million, after repositioning itself to long 350 million BTC.
A whale"lightning reversal" resulted in a $578,000 loss on its ETH long positions, bringing the total unrealized loss on its long positions to $5.7 million.
James Wynn, a well-known "bankruptcy whale," reduced his ETH long positions, incurring a loss of $24,400, but still long 838.41 ETH with 25x leverage.
Short sellers:
The swing whale"pension-usdt.eth" closed its $63 million short position in ETH, ultimately realizing a profit of $393,000.
A whale closed its long position of 136 BTC, incurring a loss of $22,000. It then short 80 BTC (approximately $7.26 million) with 40x leverage.