A whale suddenly reversed its position and reduced its long ETH holdings, resulting in a total unrealized loss of $5.7 million in the account.

According to ChainCatcher, Hyperinsight monitoring shows that a whale immediately went long after stopping its BTC short position on January 5th. This morning, it reduced its ETH short position, incurring a loss of $578,000. Its current holdings are as follows: 1,569.29 BTC (approximately $142 million) long with 20x leverage, average entry price of $93,838.7, and a floating loss of $4.218 million; 11,757.76 ETH (approximately $36.94 million) long with 14x leverage, average entry price of $3,284.08, and a floating loss of $1.483 million.