【Blockchain Rhythm】An interesting phenomenon has just been detected. An address (0x50b30) made a noteworthy move on January 5th.
First, let's talk about BTC—this whale has been continuously adding to its short positions. Currently, it is short 583.76 BTC with 20x leverage, which is roughly $53.9 million USD. The average entry price for the position is $92,434.8, and it is now showing an unrealized profit of $86,000 USD.
Interestingly, it is also doing something else. On the ETH side, it has increased its long positions to hedge risk. With 14x leverage, it is long 3,130.39 ETH, totaling approximately $9.85 million USD. However, this long position is currently showing an unrealized loss of $118,000 USD.
It appears that this whale is employing an asymmetric hedging strategy—mainly bearish on BTC but also wanting to reduce unilateral risk, so it is long ETH as a hedge. This kind of "long-to-short" operation often hints that a large whale is...