DASH Whale Shifts Positions, Closes ETH Shorts and Increases DASH Longs
A prominent whale adjusts its crypto positions by closing Ethereum shorts and increasing DASH longs, with significant unrealized gains still at play.
ETH
DASH
Fact Check
The assessment is based on strong, consistent evidence from the two primary sources provided. Both sources, one from the cryptocurrency exchange Bitget and the other from the exchange Phemex, independently corroborate the key figures in the statement. Both news reports explicitly state that a crypto portfolio is valued at $358 million and holds an unrealized profit of $5.52 million. The authority of the sources is moderate but reputable within the crypto industry. The complete agreement on specific, non-round numbers across these two separate platforms significantly increases the likelihood that the information is accurate. There are no contradictions in the provided summaries, leading to a high confidence level in the statement's truthfulness.
Summary
On January 23, a whale reduced its Ethereum short position by selling 956.37 ETH for $3.13 million, leaving $130 million in remaining shorts with $14.3 million in unrealized gains. The whale simultaneously increased its DASH longs by 4,476.76 DASH worth $0.44 million, bringing total DASH longs to $1.85 million.
Terms & Concepts
- ETH Shorts: Short positions in Ethereum, where the investor profits from a decline in Ethereum's price.
- DASH Longs: Long positions in DASH, where the investor expects the price of DASH to rise in order to profit from the appreciation.