Whale builds a position of $356 million in one night: 15x leverage betting on BTC and ETH, all short positions closed for profit

【Blockchain Rhythm】On-chain data monitoring shows that a highly watched whale address (0x94d) was very active in the early hours of January 9th. This address rapidly opened long positions in ten different cryptocurrencies within just a few hours, with the total holdings now swelling to $356 million — an amount comparable to the entire assets of a mid-sized crypto fund.

In terms of position allocation, this whale is clearly betting on a major market rally. The BTC long position uses 15x leverage, with a position size of $137 million, an average entry price of $90,600, and an unrealized profit of $680,000. ETH also employs the same aggressive 15x leverage strategy, with a position size of $137 million, an average entry price of $3,104, and an unrealized profit of $660,000. Additionally, it holds a $30.3 million XRP long position(4030万美元) and a $30.7 million SOL long position(3070万美元).

Interestingly, this address has recently shifted its trading strategy. From last night to this morning, it closed all short positions in six major cryptocurrencies, totaling over $240 million. The BTC short position alone was closed for over $140 million, resulting in a profit of approximately $3.26 million. Previously, the market regarded this address as the largest short seller of BTC on a certain leverage trading platform.

The operational trajectory of this account is also quite intriguing. Starting in December last year, it initially had a $20 million balance, but it gradually increased its holdings by continuously adding to its short positions in major cryptocurrencies. Due to this opposite approach compared to the listed company MicroStrategy, which has been steadily buying large amounts of BTC, the market has labeled this address as an “on-chain counterparty.” However, based on recent position shifts, this counterparty seems to be adjusting its strategy as well.