Data: A whale reversed its position in a flash, averaging down its BTC long positions and establishing new ETH long positions worth approximately $1.0...
AI Summary1 min read
TL;DR
A whale quickly reversed its strategy, averaging down its BTC long positions by adding 65.72 BTC and opening new ETH long positions worth about $1.0872 million, resulting in a slight decrease in BTC average price and a current floating loss.
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BitcoinLayer 1EthereumHalving TokensSmart ContractsYwhaleBTCETHtradingcryptocurrency
According to Mars Finance, HyperInsight monitoring shows that the address labeled as a "lightning reversal" whale(0x50b3…) performed an averaging-down operation on its BTC long positions, increasing its holdings by 65.72 BTC, worth approximately $6.4752 million. After averaging down, the average price of its BTC long positions slightly decreased from $96,981.9 to $96,917.5, with a position size of approximately $59.99 million. Currently, this position has a floating loss of approximately $411,700. Simultaneously, this address opened a new long position on ETH, opening 329.26 ETH long positions at an average price of approximately $3,303.32, with a position size of approximately $1.0872 million.