「Lightning Reverse」 Whale Flattens ETH Long, Adds $4.09M in A Flash

BlockBeats News, January 13, according to Hyperinsight monitoring, the whale address marked as "Lightning Hand" (0x50b3...) conducted a position-flattening operation on its ETH long position, increasing its long position by 1,308.04 ETH, worth approximately $4.0974 million.

After this operation, the average holding price of its ETH long position slightly decreased from $3,131.26 to $3,129.91, with a total position size of $10.681 million. The current unrealized loss of this position is approximately $3,803.91, with a loss percentage of 0.50%, and a liquidation price of $2,229.79.

This address is known for its extremely fast long-to-short switches, with a trading style that usually involves quickly closing a position and immediately opening a large position in the opposite direction, demonstrating a high-frequency reversal trading strategy.