2025-12-27 09:26:39

Recently, a notable large-scale operation has emerged in the crypto circle. A whale account initiated a long position on ETH on December 26th, and nine hours ago, opened a short position on BTC. This combination of attack and defense immediately drew market attention.

**Confidence Behind the ETH Long**

Currently, this account holds 27,304 ETH, worth approximately $80.04 million, with an average entry price of $2,931.9. Although there is an unrealized loss of $5,543 at present, for an account with a total profit of $3.638 million, it’s just a small fluctuation. The key question is—why did the whale choose to go long at this time? ETH’s recent market has indeed been unstable, with frequent fluctuations confusing retail investors. However, judging by the size of the whale’s holdings, this move is clearly not a short-term rebound play but a mid-term bullish outlook on Ethereum. Short-term losses are normal; markets will eventually reverse.

**Logic Behind the BTC Short**

The BTC short position involves 250.36 BTC, valued at $21.91 million, opened at $87,334.2. Currently, it has an unrealized loss of $46,000. As the market’s stabilizer, BTC being shorted often indicates a specific market expectation. The whale’s move may reflect caution about Bitcoin’s recent rally or a defensive stance against potential high-level risks. While BTC is relatively stable, reversing this position would indeed require time and opportunity.

**Insights from the Whale’s Actions**

This dual-asset strategy reflects a deep understanding of market complexity—optimism about ETH’s upside potential combined with caution towards BTC’s high levels. This approach is worth learning from but not directly copying. The whale has ample capital buffers and a professional team to handle short-term volatility calmly. For ordinary investors, blindly following such large positions is essentially gambling.

The crypto market is ever-changing, and every step should be based on your own judgment. Understanding the whale’s logic is the first step; finding a suitable investment rhythm is the key.

ETH0,66%

BTC0,48%

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RunWhenCut

· 15h ago

It's the same story again. Whales can float with unrealized losses without fear, but retail investors panic at the first drop... Honestly, this dual-currency setup sounds sophisticated, but in practice, isn't it just gambling?

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YieldWhisperer

· 15h ago

nah wait, $5543 unrealized loss is "pocket change"? actually the math doesn't check out here... 363.8M in cumulative gains doesn't mean this whale's risk management is sound, saw this exact pattern in 2021 right before the liquidation cascade kicked in. hedging eth long with btc short feels like theater honestly, classic death spiral setup if leverage gets tight

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Ser_Liquidated

· 15h ago

Whale spends 80 million dollars on ETH, and I’m just wondering, are they not afraid of unrealized losses? Haha Are you opening a short position on BTC simultaneously? Is this for hedging or do you really think it's at the top? Following the trend? I'm just an individual investor, I wouldn't dare to do that, it would be more than enough to bankrupt me. This kind of operation looks comfortable, but playing it yourself is just asking for trouble. Can ETH really turn around? It still feels a bit uncertain lately.

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ZenChainWalker

· 15h ago

Whale's ETH long position, I feel something's off. Such a large unrealized loss and still holding on? As a retail investor, I would have cut my losses and run long ago. Really, big players are really big players. A few million in unrealized losses is like nothing to them. I can't sleep over a small loss of a couple hundred bucks. The BTC short position is a bit aggressive. Are they betting on a pullback from the high? But on the other hand, let's stick to our own rhythm. Copying others' trades is too risky. The idea of dual-coin hedging is not bad, but we need to have that capital first, right? Reading this news makes me think of the experience of being liquidated before. The summary is: don't blindly copy others' trades.

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RetailTherapist

· 15h ago

Whales dare to diversify their positions at this level, while retail investors are still struggling with whether to buy or sell. The gap... Watching him go long on ETH and short on BTC, it feels like hedging risk. That's the game of smart people. Just a few tens of thousands in floating loss and you're panicking? This account has earned a total of 3.63 million. We don't care about short-term fluctuations; that's the kind of resolve we need to learn. To be honest, following the big players' operations is almost always a trap for retail investors. If you don't have your own judgment logic, it's better to just stick to dollar-cost averaging.

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BlockchainBouncer

· 16h ago

Whale's recent moves are truly impressive, with a well-rounded approach to offense and defense—old pros would understand. This guy pulled over 80 million dollars in ETH; short-term unrealized losses aren't painful, but the short position on BTC is interesting—it's clearly hedging against high-level risk. Retail investors should not follow blindly; they have plenty of bullets to withstand volatility. The key is to have your own judgment; copying blindly will only make you cannon fodder.

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StealthMoon

· 16h ago

Whales are playing heartbeat over there, while we're still staring at the candlestick charts in a daze. --- I don't quite understand this wave of BTC short positions. With such a small unrealized loss, how dare they hold on stubbornly? --- Basically, it's still about the size of the funds. Following the trend is just getting cut. --- Feeling like ETH's recent layout is a bit too early, it still needs to fall. --- Can't just copy directly, then what's the point of me reading this article... --- The idea of dual-currency hedging is good, but who has that much idle money to try and error? --- This is the game of big players; we can't afford to play. --- An unrealized loss of over 5,000? Just a little rain? We're definitely not from the same world. --- The key is to have your own judgment; following the trend is just giving away money. --- Over 250 BTC shorts, once the market reverses, they might get liquidated. Really daring.

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