Whale "Long to Short" Strategy Emerges: Increasing BTC Short Positions, Tracking ETH Hedge Position Changes

2026-01-05 06:36:11

【Blockchain Rhythm】An interesting phenomenon has just been detected. An address (0x50b30) exhibited noteworthy activity on January 5th.

First, regarding BTC—this whale has been continuously increasing its short positions. Currently, it is short 583.76 BTC with 20x leverage, worth approximately $53.9 million USD. The average entry price for the position is $92,434.8, and the current unrealized profit is $86,000 USD.

Interestingly, it is also doing something else. On the ETH side, it has increased its long positions to hedge risk. Under 14x leverage, it is long 3,130.39 ETH, totaling about $9.85 million USD. However, this long position is currently unrealized at a loss of $118,000 USD.

It appears that this whale is implementing an asymmetric hedge strategy—mainly bearish on BTC but also seeking to reduce unilateral risk by going long on ETH. Such “long-to-short” operations often hint at a certain short-term market outlook by large whales.

BTC-2,03%

ETH-3,29%

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ShamedApeSeller

· 6h ago

Hmm... This whale operation is quite interesting. The BTC short position is floating with profits, ETH long position is floating with losses. Feels like betting on BTC falling and ETH resisting the decline? This kind of hedging strategy is always a big show. Let's see how the subsequent trend develops. Adding 583 BTC to the short position, really brave... Contract traders always do this. Betting on BTC to fall while using ETH as insurance. Is this move aiming for stable returns or truly bearish on BTC? I can't quite understand. The whale is betting that BTC will fall but is also hesitant? I'm a bit confused by this logic. Floating profit of 86,000 and floating loss of 118,000, not very smart hedging haha. This guy is betting on BTC falling while also wanting to profit from ETH's rise, probably greedy. Betting on BTC to fall but keeping a backup plan—smart whales are indeed different.

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MagicBean

· 01-06 14:46

This whale strategy is quite interesting. Betting on BTC's decline while defending the market is pretty cowardly.

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NoodlesOrTokens

· 01-05 07:05

This whale is playing quite wildly... simultaneously emptying BTC and going long on ETH for hedging. Are they worried that BTC won't move down?

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SchroedingerMiner

· 01-05 07:03

Uh, this whale strategy does have some merit. Short BTC while going long on ETH to hedge, just worried that the market might suddenly reverse and hit hard.

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GasFeeSobber

· 01-05 07:02

This whale is really betting that BTC will drop, using ETH as backup... I just want to ask, can this move hold up?

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HodlTheDoor

· 01-05 06:52

This whale strategy is pretty sneaky; BTC short positions are making huge profits while ETH longs are losing... It's really like a slow motion with both hands.

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AirdropHunterZhang

· 01-05 06:40

Oh wow, this whale strategy is pretty aggressive. The BTC short position is showing unrealized profits while still adding leverage, which really indicates a bearish outlook... However, I don't quite understand this hedging logic. It feels like a fake move before going all-in. ETH turning around and showing an unrealized loss of 118,000 is quite bold too, haha.

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