「Lightning Strike」 Whale Liquidates BTC Short, Loses $496,000

BlockBeats News, January 28th, according to HyperInsight monitoring, the "Lightning Backhand" whale (0x50b30) closed a BTC short position at 17:37 UTC, losing $496,000. Shortly after, the whale went long with 25x leverage on 2536.53 ETH (approximately $7.63 million) and short with 20x leverage on 84.47 BTC (approximately $7.54 million), initiating a hedge position.

This address is known for its rapid long and short reversals, often engaging in large-scale opposite-direction positions immediately after closing.