On-chain Night Recap: Whale Actively Rebalances Holdings, Bulls Pivot to Defensive Strategy

BlockBeats News, January 2nd, according to Hyperinsight monitoring, the hot whale redistribution trends from 10:00 to 20:00 today are as follows:

Long Position Camp:

A whale/institution that previously bought high and sold low in November, losing $13.73 million in ETH in a week, spent $9.95 million today to buy 2,251 XAUt (Gold Token) at an average price of $4,420.

「Brother Whale」 Huang Licheng reduced his 25x leveraged ETH long position to 8,000 coins to take profit, and added a 10x leveraged long position for 11,888.88 HYPE.

Short Position Camp:

A whale who borrowed 5,000 ETH for short selling a month ago closed his position after ETH reached $3,000, making a profit of about $390,000 from this short sale.

A whale (0x218) increased their ETH short position to 18,875.18 coins, worth $57.32 million.

「Meme Short Army Leader」 LIT increased their short position to 3,813,196 coins, now the largest on-chain LIT short position.