October flash crash, major short-sellers turn to long positions! Throwing in an additional $600 million to increase ETH and SOL holdings

【ChainWen】Remember the flash crash in October? The mysterious whale who accurately shorted at that time has recently made a big move again.

This player has recently been increasing their position wildly, with ETH holdings directly reaching over 150,000 coins, which is roughly $500 million at current prices. Compared to their initial position of 140,000 coins, they’ve bought in over 10,000 more this time. Over on SOL, it’s even more exaggerated, going from an initial 100,000 coins to 213,000 coins, more than doubling, now worth nearly $30 million.

Calculating on paper, this big holder’s total position has already exceeded $600 million, with unrealized profits of over $13 million. From shorting in October to now going long in reverse, this move is definitely something. The market is all guessing—does this guy truly believe in the bull or is he laying out some kind of plan? After all, being able to precisely hit the point of flash crashes means he definitely has more than just these clues.