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Crypto Whale Closes $10 Million in Bitcoin and Ethereum Longs, Opens $3 Million Ethereum Short

Crypto Whale Closes $10 Million in Bitcoin and Ethereum Longs, Opens $3 Million Ethereum Short

A new market update shows a whale reversed a 40x leveraged Bitcoin short into a long within minutes and continues to hold sizeable leveraged positions in BTC, SOL, and XYZ100.

BTC
ETH
SOL

Fact Check
The strongest evidence is the later BlockBeats report '链上BTC及ETH两名巨鲸同时平仓空单，规模均达1400万美元', which explicitly says two whales holding about $14 million BTC and ETH shorts each fully closed those positions within the past hour and currently had no positions. That directly supports the statement that the previously reported bearish trades were no longer open. Earlier linked reports also fit this timeline: '巨鲸一小时平仓1000万美元多单，反手开设300万美元ETH空单' says one whale opened a $3 million ETH short after closing longs, and '某巨鲸同时布局BTC及ETH，空单规模达1590万美元' says another whale opened combined BTC and ETH shorts worth about $15.9 million. The only notable issue is wording/number precision: the later report describes two whales with positions of about $14 million each, not a combined $14 million total. So the core claim that the reported shorts were closed is supported, but the total amount in the user's summary appears understated or imprecise.
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Summary

A new update indicates that a whale rapidly switched from a 40x leveraged Bitcoin short to a 40x leveraged Bitcoin long within 10 minutes and still holds an $8 million BTC long with an entry price of $71,961, currently at a slight unrealized loss. The same address also reportedly holds $4 million in 20x leveraged SOL shorts and $1.8 million in xyz:XYZ100 shorts. This adds a fresh shift in positioning to earlier reports of large and fast-changing leveraged trades across BTC, ETH, SOL, and DOGE, including previously cited long closures, short openings, short reductions, and a separate 40x BTC long reported by Hyperinsight. The available reporting continues to show highly active whale trading, while the precise relationship among all referenced addresses and position updates remains only partially confirmed.

Terms & Concepts
  • Bitcoin: The largest cryptocurrency by market capitalization, commonly traded under the ticker BTC.
  • Short position: A trade designed to profit if an asset’s price falls; the position loses value if the price rises instead.
  • Liquidation price: The price level at which a leveraged position can be forcibly closed because collateral is no longer sufficient to cover losses.