"Lightning Reverse" whale adjusts ETH short positions and increases BTC long positions, suspected of going long on BTC against ETH exchange rate

ETH2,44%
BTC1,63%

BlockBeats News, January 23 — According to Hyperinsight monitoring, the “Lightning Reverse” address (0x50b3…) has recently performed multiple rapid operations, synchronously adjusting its ETH short positions and BTC long positions.

The address first executed a cut and flattening of its ETH short positions: reducing 1,912.15 ETH shorts (worth approximately $5.52 million), then increasing by 1,990.34 ETH shorts (worth about $5.80 million). After the adjustment, the total ETH short position is approximately $23.56 million, with a current floating loss of about $38,100.

At the same time, the address significantly flattened its BTC long positions, adding 142.57 BTC longs, valued at approximately $12.86 million. After the operation, its BTC long position increased to about $66.83 million, with the average price slightly lowered to $89,557.70, and a current floating loss of about $160,600.

This address is known for its extremely rapid long-short switching, often executing large-scale reverse positions immediately after closing a position. This synchronized adjustment once again demonstrates its high-frequency and flexible trading style.

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