On-chain Evening Recap: Market Weakening, Bears Taking Profit, Longs Liquidating

BlockBeats News, January 8th, according to Hyperinsight monitoring, today from 10:00 to 20:00, the hot whale repositioning trends are as follows:

Bull Camp:

The "Long Position Swapping 350m BTC" whale liquidated the BTC long position with a stop-loss, with a total loss of about $3.6 million.

The "Lightning Reversal" whale reduced the ETH long position, resulting in a loss of $578,000, with the account's long position totaling a floating loss of $5.7 million.

The well-known "Bankrupt Whale" James Wynn reduced the ETH long position, resulting in a loss of $24,400, still maintaining a long position of 838.41 ETH with 25x leverage.

Bear Camp:

The swing whale "pension-usdt.eth" closed a $63 million ETH short position, ultimately realizing a profit of $393,000.

A whale closed a 136 BTC long position, resulting in a loss of $22,000, and promptly shorted 80 BTC with 40x leverage (about $7.26 million).