On-Chain Evening Review: Whales Actively Rebalance Positions, Bulls Shift to Defensive Strategy

ETH1,18%
XAUT-0,12%
HYPE7,43%
LIT6,01%

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.

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Comment
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PakMalikivip
· 01-03 05:24
Happy New Year! 🤑
Reply0
Plastikkidvip
· 01-02 20:06
Bull run 🐂
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