According to Mars Finance, HyperInsight monitoring shows that the address labeled as a "lightning reversal" whale(0x50b3…) performed an averaging-down operation on its BTC long positions, increasing its holdings by 65.72 BTC, worth approximately $6.4752 million. After averaging down, the average price of its BTC long positions slightly decreased from $96,981.9 to $96,917.5, with a position size of approximately $59.99 million. Currently, this position has a floating loss of approximately $411,700. Simultaneously, this address opened a new long position on ETH, opening 329.26 ETH long positions at an average price of approximately $3,303.32, with a position size of approximately $1.0872 million.
Data: A whale reversed its position in a flash, averaging down its BTC long positions and establishing new ETH long positions worth approximately $1.08 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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