Just caught something interesting about a major crypto whale on-chain. This 0x94d address closed out its BTC and ETH shorts on Feb 24, then immediately went long on Bitcoin with 40x leverage at 63,275. Wild swing in strategy.



What's fascinating is the backstory here. This crypto whale had been shorting major assets since December with around 20M starting capital. Built up positions on both BTC and ETH, then suddenly flipped. Closed a 40M BTC short in literally two hours, plus the ETH and BTC shorts from two days prior. All in one day.

The numbers are pretty impressive too. This whale pulled 2.85M in profits over the past week alone, and still has 11.8M in unused margin sitting there. Meanwhile, you've got MicroStrategy doing the opposite - accumulating BTC like crazy. So this crypto whale is basically the on-chain mirror image, shorting when institutions buy.

Now with that 11.97M long position at 40x leverage and BTC sitting around 74K these days, curious to see if this whale is betting on continued upside or if this was just a tactical flip. Either way, these kind of whale moves are worth watching - they often signal bigger market shifts coming.
BTC0,68%
ETH0,53%
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