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Whale continues to increase ETH holdings: average price drops to $3,129, a "lightning counterattack" strategy under floating loss pressure
【BlockBeats】On January 13th, on-chain monitoring data showed that the large address known for the “Lightning Reversal” (0x50b3…) has taken action again. This time, they carried out a flattening operation on their ETH long position, directly increasing their ETH long holdings by 1,308.04 ETH, equivalent to approximately $4,097,400 in real money.
After the operation, the average price of their ETH longs slightly decreased from $3,131.26 to $3,129.91. The flattening range doesn’t sound large, but the entire position has expanded to a scale of $10,681,000. Currently, this position is still in a floating loss, with a loss of about $3,803.91 and a loss rate of 0.50%. The liquidation price is set at $2,229.79.
The most interesting part about this address is— their speed of switching between long and short positions is extremely fast. Their trading style is basically closing a position and immediately re-entering in the opposite direction. The entire operation rhythm is so rapid that it’s almost flying. This flattening operation further confirms that their bullish attitude towards ETH in the future market remains unwavering.