A summary of on-chain whale movements: "Mochi" was liquidated again and added to its position; a Bitcoin whale with tens of thousands of coins complet...
AI Summary2 min read
TL;DR
Whale 'Mochi' faced ETH liquidation but added a new long position. Bitcoin whale Owen Gunden sold thousands of BTC, while other whales incurred losses on long ETH/XRP positions. Smart money sold WBTC for profits, and transfers to Galaxy Digital continued.
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Halving TokensLayer 1whale movementscryptocurrencyliquidationBitcoinEthereum
According to Mars Finance, on November 20th, Hyperinsight monitored the following activity of popular whale on the blockchain over the past 24 hours: Huang Licheng ("Maji") added to his ETH long position with 25x leverage, currently holding a position worth $11.5 million. The opening price was $3002, and the liquidation price was $2936. His ETH long positions were liquidated again last night, with 20% of his position (775 ETH) forcibly closed. Bitcoin whale Owen Gunden deposited his remaining 2,499 BTC into Kraken an hour ago, worth $228 million. Owen Gunden has sold over 11,000 BTC in the past month. The whale address "0x9ee...1daAb," which made over $39.88 million through seven short short since the 1011 flash crash, currently has a cumulative unrealized loss of $19 million on long ETH and XRP positions. Their current positions are as follows: long in ETH, opened at $3,219, with a floating loss of $11.6 million; long in XRP, opened at $2.29, with a floating loss of $7.4 million. Smart money that bought WBTC at the 2022 low of $16,933 continues to sell. Since yesterday, they have sold a total of 176.17 WBTC (approximately $15.799 million), with an average selling price of $89,679, resulting in a profit of $12.815 million. They currently have 280.479 WBTC remaining on-chain, worth $25.73 million. A "gambler" associated with Roobet and Stake.com has had all their ZEC short positions liquidated across four wallets, with total account losses exceeding $10.4 million. They opened a short of $16.75 million in ZEC on November 17th, with a liquidation price of $757. 5,533 ETH ($16.52 million) continued to be transferred from the SharpLink address to the Galaxy Digital OTC wallet. Since early yesterday morning, 10,975 ETH ($33.54 million) have been transferred from the SharpLink address to Galaxy Digital. Despite the ETH price drop, Tom Lee's Bitmine may still be buying ETH. A new wallet, 0x748d, likely related to Bitmine, just received 24,827 ETH (worth $72.52 million) from BitGo.