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On-Chain Evening Review: Whales Actively Rebalance Positions, Bulls Shift to Defensive Strategy
BlockBeats News, January 2 — According to Hyperinsight monitoring, the following are the major whale movements with new position adjustments from 10:00 to 20:00 today:
Bullish camp: A whale/institution that previously lost $13.73 million by high buying and low selling ETH over a week in November spent $9.95 million to buy 2,251 XAUt (gold tokens), with an average price of $4,420. “Brother Maji” Huang Licheng reduced his ETH long position with 25x leverage to 8,000 ETH to take profit, and added a new 10x leveraged long position of 11,888.88 HYPE.
Bearish camp: A whale who borrowed 5,000 ETH to short sell one month ago closed their position after ETH reached $3,000, earning approximately $390,000 from this short. A major whale (0x218) increased their ETH short position to 18,875.18 ETH, worth $57.32 million. “Shanzhai Air Force Leader” LIT short position increased to 3,813,196 LIT, now the largest on-chain short position for LIT.