January 9 Whale Movement Scan: ETH Longs Liquidated, PEPE Large Holders Heavy Accumulation

【Blockchain Rhythm】According to on-chain monitoring data, between 10:00 and 20:00 on January 9th, multiple leading whales completed significant rebalancing operations involving major cryptocurrencies such as BTC, ETH, and PEPE.

The bulls were very active. A giant whale known for reverse trading closed its ETH long position today, incurring a loss of $2.536 million, and simultaneously reduced its BTC long holdings. Even more aggressive, a certain whale liquidated $15.53 million worth of ETH longs, with the account suffering a loss of up to $616,000. However, the most active bullish community members in PEPE were not caught off guard. They first closed positions for a profit of $963,000, then immediately reopened an $8.7 million PEPE long position with 3x leverage — indicating their long-term optimism for this token.

The bears’ operations were equally impressive. The top short whale known as “Hyperliquid,” dubbed the “20 million wave hunter,” took profits in batches on HYPE and XPL. Even more interesting, the seasoned trader “pension-usdt.eth” made a dramatic turnaround, shifting from short to long, deploying 20,000 ETH with 3x leverage.

From these movements, market participants show diverging views on the medium-term trend. Some quickly lock in losses and retreat, while others increase their positions during the correction. This tug-of-war in capital often signals that the market is about to prepare for a directional breakout.