A trending crypto whale, Evaded, has made some strange moves that have left the market watchers surprised. In fresh moves, it liquidated his short positions in Bitcoin and Ethereum and went straight long on Microsoft and Oracle. It is going bullish on these stocks with $31.5 million long bets.

The crypto whale has been a major metric for on-chain analysts and its competing whales. This move comes in when BTC and ETH have been posting back-to-back losses. Bitcoin price has dropped by around 4% in the last 30 days, while Ether price dipped by more than 11%. Onchainlens in a post reported that Evaded closed its BTC and ETH short positions. However, it made a profit of $1.77 million. After just hours of bagging profits, the whale made some new moves. It went on to buy 41,400 long shares of MSFT and 56,600 long shares of ORCL at a 10x leverage ratio.

Crypto whale makes long bets on Microsoft and Oracle

Microsoft share price has surged by more than 10% over the last month. MSTR traded at $450.24 in the last trading session. Oracle share price has spiked by almost 40% in the same period. It traded at $225.78 in the last trading session. The successful trade marked a particularly rough period for the trader. Lookonchain data shows that the crypto whale had continuously switched between taking bullish and bearish stances on Bitcoin as its volatility rose through May.

On May 20, Lookonchain reported that the whale wallet had earned approximately $2.1 million in just two days after opening 10x leveraged long positions in Zcash (ZEC) and HYPE token. At that time, the wallet held 36,875 ZEC worth about $21.6 million and 287,618 HYPE valued at roughly $13.9 million. Later on May 22, its ZEC and HYPE bets bagged it more than $7.5 million in unrealized gains in less than four days. It then opened another 25x leveraged long position on 18,100 ETH (approx worth $38.6 million).

Its bullish stance was short-lived as the crypto whale closed all of his HYPE, ZEC, and ETH long positions on May 23. It still made a profit of $4.6 million and reversed the position. Evaded opened a 990 BTC short position worth nearly $74.8 million. The new bearish bet was initially successful, generating about $783,000 in unrealized profit. Later on, the trader exited the Bitcoin short at a loss of roughly $320,000 and once again flipped bullish. May 24 saw the crypto whale focus on ZEC and added 53,500 ZEC long position (approx worth $34 million).

The trade immediately moved against him, leaving the position down about $763,000. On May 26, the crypto whale reopened a 40x leveraged Bitcoin short (approx worth $40.3 million) and was also holding a large ZEC long. By then, the ZEC position was showing an unrealized loss of around $1.87 million. Then came May 27, when Evaded closed both the ZEC long and Bitcoin short positions.

This hit him with a loss of more than $4.8 million. The losses erased all of the trader’s earlier gains and left him down roughly $3.67 million overall during the period. Despite the setback, Evaded immediately increased his leverage to 30x and opened another large Bitcoin short position consisting of 940 BTC valued at about $71.4 million, with a liquidation price near $78,421.

MSFT4.72%

ORCL8.38%

BTC0.79%

ETH0.92%

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