Evening Market Recap: Market weakened, short sellers took profits, and a wave of stop-loss orders emerged from long positions.

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According to Hyperinsight's monitoring, the following are the movements of popular whale that made new portfolio adjustments between 10:00 and 20:00 today:

Bullish camp:

A whale closed its long BTC position, incurring a loss of approximately $3.6 million, after repositioning itself to long 350 million BTC.


A whale"lightning reversal" resulted in a $578,000 loss on its ETH long positions, bringing the total unrealized loss on its long positions to $5.7 million.

James Wynn, a well-known "bankruptcy whale," reduced his ETH long positions, incurring a loss of $24,400, but still long 838.41 ETH with 25x leverage.

Short sellers:

The swing whale"pension-usdt.eth" closed its $63 million short position in ETH, ultimately realizing a profit of $393,000.

A whale closed its long position of 136 BTC, incurring a loss of $22,000. It then short 80 BTC (approximately $7.26 million) with 40x leverage.

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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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