There is an interesting operational detail worth noting. A well-known wallet address completed a impressive switch in the past 2 hours — first clearing all ETH long positions, which directly resulted in a profit of $740,000. Not staying idle for long, it then opened a BTC long position with 3x leverage, with the current total position size reaching $69 million, an average entry price around $95,600, and still adding to the position.



Based on this address's trading trajectory over the past few months, this time's scale is likely to surpass $80 million.

Interestingly, this whale's trading style is actually quite restrained — mainly using low leverage and short-term operations on BTC and ETH, with an average holding period of about 23 hours before closing. Since October last year, this strategy has accumulated over $21 million in profits.

What’s even more noteworthy is that recently, this address has started continuously transferring profits accumulated on a certain DEX platform into yield markets. Currently, the lending scale on AAVE has reached approximately $26.7 million, indicating a bet on certain returns.
ETH5.27%
BTC3.24%
AAVE1.92%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned