TREE NEWS reports: An address closed long positions in 1,000 BTC and 10,000 ETH after holding them for four months, booking more than $20 million in profit. The same address then opened a 20x short position on 13,000 ETH worth $29 million, reversing its directional bet on the asset.
Address Closes $20M+ BTC, ETH Longs, Opens $29M 20x ETH Short
Related Coin Charts
AI take
A single address flipping from a four-month long to a 20x leveraged short on the same asset is a notable signal of conviction, not just profit-taking. The scale of the reversal — closing 10,000 ETH long and opening 13,000 ETH short — suggests a deliberate directional view rather than routine rebalancing. What matters is whether this reflects a broader shift in leveraged positioning or is an isolated whale move; with 20x leverage, the position's liquidation threshold is the key vulnerability to watch.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
Coinbase Q3 net income jumps 66% as prediction markets gain traction
2h ago
Binance Says Withdrawals May Resume Within 45 Hours, SAFU to Cover All Losses
2h ago
Shanghai Gold Exchange: Zhaojin Gold & Silver Refining Approved for Name Change to Joint-Stock Company
2h ago
BTC Falls Below 78,000 USDT, Down 2.45% in 24 Hours
2h ago
Alibaba Cloud to Adjust Annual Discounts for ClickHouse and SelectDB
2h ago
Binance Hot Wallet Hacked for $6.3B; $3B Frozen, $3.3B Still Movable