On-chain data: a large whale closed nearly 30 million USD in BTC short orders and opened ETH long orders.

robot
Abstract generation in progress

On October 24, according to HyperInsight monitoring, possibly due to ETH rising with higher trade volumes around $3890 and the support pressure switch, several whales closed their multi-coin short orders one hour ago. Subsequently, three addresses simultaneously turned to open long ETH positions within 2 minutes. Among them: the whale address starting with 0x7a9 closed the Cut Loss ASTER and BTC short orders, reducing its notional value by nearly $15 million, and redirected funds to open a 20x leveraged ETH long order at an average price of $3938, currently holding a notional value of $12.12 million; the whale address starting with 0x19a closed the Cut Loss BTC short order, reducing its notional value by about $10 million, and redirected funds to open a 6x leveraged ETH long order at an average price of $3939, currently holding a notional value of $9.09 million; the whale address starting with 0x960 closed the Cut Loss BTC and HYPE short orders, reducing its notional value by about $2.6 million, and redirected funds to open a 15x leveraged ETH long order at an average price of $3950, currently holding a notional value of $9.07 million.

BTC0.96%
ETH2.59%
ASTER3.88%
HYPE0.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)