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Whale early trading: ETH long position stop-loss at 2.53 million, continue to look bullish on BTC with nearly $6.7 million position
【Block Rhythm】Big moves in the early session. A whale address (0x50b30) liquidated its ETH long position this morning, with a loss of $2.536 million. At the same time, it is also reducing its BTC exposure.
However, this whale’s bullish attitude towards Bitcoin remains unchanged. It is still holding a 20x leveraged long position of 735.24 BTC, equivalent to a $66.91 million position. The average entry cost is $90,991.7, with an unrealized loss of $26,000, still underwater.
This kind of operation is quite typical — after suffering losses on one asset, adjusting the strategy but not changing the overall direction. Cutting ETH, while BTC continues to hold. Judging from the leverage multiple and position size, this major holder still has quite a lot of confidence in the subsequent market trend.