「Lightning Backhand」 Whale Takes Profit on $7.6 Million Long Position in BTC, ETH Long Liquidated

BlockBeats News, January 13th, according to HyperInsight monitoring, the whale address labeled as the "Lightning U-turn" executed two transactions in opposite directions at the same time.

The address partially took profit on its BTC long position, selling 83.21 BTC, worth approximately $7.607 million. After this transaction, the average price of its BTC long position slightly increased to $92,062.90, with a current unrealized profit of about $1,515, and the position size still reached $17.3879 million. At the same time, the address completely liquidated its ETH long position (forced liquidation). Before liquidation, the ETH long position size was $10.681 million.

This address is known for its lightning-fast long-to-short shifts, with its usual practice being to immediately open a large short position in the opposite direction after closing a long position.