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.

ETH0,57%

BTC0,42%

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AirdropHunterWang

· 12-27 08:55

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

· 12-27 08:52

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

· 12-27 08:50

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

· 12-27 08:49

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

· 12-27 08:48

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

· 12-27 08:36

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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