2025-12-27 08:26:22

Interesting data has arrived. A recent activity of an on-chain active account is quite noteworthy — starting to go long ETH yesterday, and not long ago opening a short position on BTC, holding positions in both directions simultaneously.

Specifically, regarding position sizes: holding 27,304 ETH, with a market value of about $80 million, entered at a price of $2,931.9, currently with an unrealized loss of $5,543; shorting 250.36 BTC, roughly equivalent to $21.91 million, with a position of $87,334.2, and an unrealized loss of $46,000.

Interestingly, this account's historical performance has been quite stable — from July this year to now, with a total profit of $3.638 million. This strategy of simultaneously deploying long and short positions across different cryptocurrencies reflects a cautious attitude among market participants under the current market conditions. The expected trends of ETH and BTC may diverge, or this could be a hedging strategy during a highly volatile phase.

ETH0.1%

BTC0.25%

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AirdropHunterWang

· 10h ago

Damn, this account is really wild, both sides are bet on... Is this hedging or throwing a tantrum?

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fren_with_benefits

· 10h ago

This guy really dares to do it, betting on both sides... But to be fair, being able to stay calm despite such a big floating loss is what makes a true professional player.

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ZKSherlock

· 10h ago

actually, hedging both sides like this is basically admitting they don't have cryptographic certainty about direction—which, ngl, kinda defeats the purpose of conviction trading. where's the mathematical rigor here? 🤔

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ApyWhisperer

· 10h ago

This guy really knows how to play, betting on both sides. I don't think this is hedging; it's purely betting on the divergence of the two.

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MevTears

· 10h ago

This guy is really bold. With over 80 million long ETH, he dares to short 250 BTC. Isn't he afraid of floating losses? --- 3.63 million in accumulated interest looks intimidating, but this double-sided betting really has some gambling elements. --- Hedging? I think it's more like betting on divergence. Otherwise, why would he go all in both directions? --- Losing over five thousand on ETH and still staying calm—what kind of mental strength does that take? --- The key is that this account has only earned over 3.6 million since July. Is that real? --- Both directions are losing, and yet he claims it's a hedging strategy. That logic is a bit funny. --- This tactic of playing both long and short in the crypto world looks clever but can easily lead to getting hit from both sides.

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MeaninglessGwei

· 10h ago

Wow, this guy really dares to play, betting on both sides? --- 3.63 million USD, he's definitely a tough player. I need to learn this hedging technique. --- Unrealized gains and losses together, how strong must his mentality be? --- But to be honest, I still don't quite understand the logic of holding positions in two directions simultaneously. --- Bullish on ETH and bearish on BTC? Or is it just risk hedging? --- Since July, making so much profit, this round of volatility should be a piece of cake for him. --- It feels like this account's trading style is quite steady, definitely some skill involved. --- Going long and short at the same time, it's really just betting on market divergence. --- If I had this spare money, I would also try hedging, but the reality is I can only go all-in on one direction. --- With such stable historical performance, the unrealized losses on these two positions don't seem like a big problem.

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