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Whale Rebalancing Trend | December 31st Latest Movements: Bulls Reduce ETH Holdings, Bears Increase BTC Short Positions
【Blockchain Rhythm】On December 31st, from midday to evening, on-chain whale activities were frequent. According to monitoring data, both bulls and bears were adjusting their positions during this period.
The bulls were quite active. Star investor Huang Licheng reduced his 25x leveraged ETH long position, now holding 8,500 ETH, with an unrealized profit of $119,000. Another “die-hard bull” whale (wallet 0x10a3c) closed their ETH, SOL, UNI, and PUMP longs, and switched to long BTC and FARTCOIN, but this move resulted in a loss of $153,000. It seems the bulls are also re-evaluating their betting strategies.
The bears’ actions were even more aggressive. The “ultimate bear” whale (0x5d2f4) reduced their short position in LIT, with an average entry price adjusted to $2.8. But the real big move was in BTC—they were shorting nearly 500 BTC with 20x leverage, with a betting amount of up to $44.2 million.
Another “altcoin air force leader” pushed the LIT short position higher, making it the largest on-chain LIT short, with a position size of $6.26 million. Additionally, a whale shorted over $70 million worth of BTC with 20x leverage and opened a $16.71 million ETH long hedge, currently with an unrealized loss of $240,000.
From this rebalancing, both sides are adjusting their risk exposure, and market sentiment remains in a tug-of-war.