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Ethereum Whale Increases BTC and ETH Leveraged Long Positions to $272M

A major crypto whale has adjusted ETH short exposure, closing a significant position for profit, while maintaining large leveraged holdings amid volatile market conditions.

BTC
ETH

Summary

On January 20, a whale previously engaged in aggressive ETH and BTC leverage trading closed a 1,004 ETH short position at 17:51, earning $32,000. This adjustment follows earlier activity the same day involving 25x leveraged shorts on 2,750 ETH and 6,355 ETH and a 20x long on 99.8 BTC. The account currently carries a floating loss of $119,000 and frequently trades LIT and ETH with leverage between 3x and 10x. These trades come after January 19 movements where large whales expanded ETH and BTC leveraged positions to $272 million.

Terms & Concepts
  • Leveraged Long Position: A position in which an investor borrows funds to amplify their exposure to an asset's potential price increase.
  • Leveraged Short Position: A position that amplifies exposure to an asset's potential price decrease by borrowing and selling it in anticipation of buying it back at a lower price.
  • ETH: Ethereum, a blockchain network that supports decentralized applications and smart contracts, with its native cryptocurrency, Ether (ETH), used for transactions and contract execution.