Recently, I came across some interesting on-chain data. A top short whale who previously operated on a leading perpetual futures platform suddenly changed its appetite yesterday.
This whale closed its BTC short position at a high price for a profit of $1.705 million, then immediately reversed to open a long position. Currently holding 1,510.89 BTC (roughly $137 million in notional value) with 15x leverage, with an average entry cost around $90,631. From this operation, the account has already accumulated $666,000 in unrealized gains.
Even more aggressive is that this whale isn't just active in BTC. Simultaneously, it's also using high leverage to long 9 altcoins, with accumulated unrealized gains reaching $1.003 million on that side. From short to long, the timing of this reversal is quite decisive. Market sentiment reflected on-chain—sometimes watching these whales' moves is more useful than watching indicators.
Recently, I came across some interesting on-chain data. A top short whale who previously operated on a leading perpetual futures platform suddenly changed its appetite yesterday.
This whale closed its BTC short position at a high price for a profit of $1.705 million, then immediately reversed to open a long position. Currently holding 1,510.89 BTC (roughly $137 million in notional value) with 15x leverage, with an average entry cost around $90,631. From this operation, the account has already accumulated $666,000 in unrealized gains.
Even more aggressive is that this whale isn't just active in BTC. Simultaneously, it's also using high leverage to long 9 altcoins, with accumulated unrealized gains reaching $1.003 million on that side. From short to long, the timing of this reversal is quite decisive. Market sentiment reflected on-chain—sometimes watching these whales' moves is more useful than watching indicators.