On-chain Data: Whale Liquidates Nearly $30 Million Worth of BTC Short Position, Opens ETH Long Position

BlockBeats News, October 24th, according to HyperInsight monitoring, ETH may have experienced a high-volume surge around $3,890, with support and resistance levels swapping. Several whales closed their multi-currency short positions an hour ago and then, within 2 minutes, three addresses simultaneously switched to opening long positions on ETH, including:

The whale address starting with 0x7a9, closed and exited ASTER and BTC short positions, reducing the nominal value by nearly $15 million, and redirected the funds to open a 20x leveraged ETH long position at an average price of $3,938, currently holding a nominal value of $12.12 million;

The whale address starting with 0x19a, closed and exited a BTC short position, reducing the nominal value by approximately $10 million, and redirected the funds to open a 6x leveraged ETH long position at an average price of $3,939, currently holding a nominal value of $9.09 million;

The whale address starting with 0x960, closed and exited BTC and HYPE short positions, reducing the nominal value by approximately $2.6 million, and redirected the funds to open a 15x leveraged ETH long position at an average price of $3,950, currently holding a nominal value of $9.07 million.