"Lightning Reverse" whale closes ETH short position, adds to short BTC with unrealized loss of $330,000

ETH-5%
BTC-3,5%

BlockBeats News, January 28, According to HyperInsight monitoring, the “Lightning Reversal” whale (0x50b30) closed ETH short positions and added to short BTC positions 2 hours ago. Currently, they are short 794.98 BTC with 20x leverage, with an entry average price of $88,738.9, and an unrealized loss of $330,000.

This address is known for its extremely rapid long-short switching, often immediately opening large-scale reverse positions after closing a position.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge - BTC Hunts

The post MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge appeared first on Coinpedia Fintech News MemeCore price just pulled off one of those blink-and-you-miss-it moves. A brutal 65% intraday surge sent the token flying from $1.70 to $2.80 only to slam straight into a

BTCHUNTS3m ago

Bitcoin (BTC) Lost $70,000: What's Next? Is Chainlink (LINK) Hiding $10 Potential? XRP Aims at $1.20 Once Again: Crypto Market Review - U.Today

Gradual pressure on Bitcoin Next obvious levels for BTC Chainlink's prospects XRP's trend breaks Things are getting worse The fact that Bitcoin fell below the $70,000 mark is more significant than the level itself: it affects the rest of the market, as XRP dropped below the crucial bullish

UToday3m ago

Bitcoin pinned under $72K as four network metrics show 'weaker demand'

Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market

Cointelegraph31m ago

Morgan Stanley’s Bitcoin ETF Nears Launch on NYSE

Morgan Stanley’s proposed spot bitcoin exchange-traded fund (ETF), ticker MSBT, has received an NYSE Arca listing notice, a step that often comes just before launch. If it goes live, the fund could intensify fee pressure on Blackrock and Fidelity while opening a powerful new distribution channel for

Coinpedia55m ago
Comment
0/400
No comments