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「Lightning Reverse」 Whale Rebalances ETH Short and Adds to BTC Long, Suspected of Formerly Leveraging BTC/ETH Exchange Rate
BlockBeats News, January 23rd, according to Hyperinsight monitoring, the "Lightning Turnaround" address (0x50b3...) conducted multiple operations in a short period of time, synchronously adjusting its ETH short and BTC long positions.
The address first liquidated and flattened its ETH short position: initially reduced the holding of 1,912.15 ETH short (worth about $5.52 million), and then increased the holding by 1,990.34 ETH short (worth about $5.8 million). After the adjustment, the total value of its ETH short position is about $23.56 million, with a current floating loss of about $38,100.
At the same time, the address significantly flattened its BTC long position, increased the holding by 142.57 BTC long, worth about $12.86 million. After the operation, its BTC long position size increased to about $66.83 million, with the average price slightly decreased to $89,557.70, and a current floating loss of about $160,600.
This address is known for its extremely fast long and short reversals, often conducting large-scale reverse positions immediately after closing positions. This synchronous adjustment once again reflects its high-frequency and flexible trading style.
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