Evening On-Chain Recap: Whale Actively Adjust Portfolios, Bulls Shift to Defensive Strategies
TL;DR
Whales actively adjusted portfolios on January 2nd, with bulls shifting to defensive strategies like buying gold tokens and reducing leverage, while short sellers closed profitable positions and increased bets on ETH and altcoins.
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[Chain Evening Recap: Whale Actively Adjust Positions, Bulls Shift to Defensive Strategies] According to Mars Finance, on January 2nd, based on Hyperinsight monitoring, the following are the movements of popular whale that made new position adjustments between 10:00 AM and 8:00 PM today: Bullish Camp: A whale/institution that previously lost $13.73 million in November by buying high and selling low on ETH for a week spent $9.95 million today to buy 2251 XAUt (gold token), at an average price of $4420. "Machi Big Brother" Huang Licheng reduced his ETH long position with 25x leverage to 8000 ETH to take profits, and added 11,888.88 HYPE with 10x leverage. Short Camp: A whale that borrowed 5000 ETH to short sell a month ago closed its position after ETH reached $3000, making approximately $390,000 from this short ETH trade. A whale(0x218) increased its short position in ETH to 18,875.18 tokens, worth $57.32 million. The leading altcoin short position in LIT increased to 3,813,196 tokens, making it the largest short seller of LIT on the blockchain.