Whale Boosts ETH Long to $19.7M After Closing $140M BTC Short, On-Chain Analyst Reports

COINOTAG reported on October 16 that on-chain analyst Ai Yi identified activity from a prominent whale address that previously opened a ~$140 million BTC short. According to the on-chain snapshot, the same entity closed that short, transitioned to a long stance on Bitcoin, and subsequently increased exposure to Ether, with the development logged on-chain and disclosed by the analyst.

The position breakdown shows a leveraged BTC 5x Long valued at approximately $7.62 million (about 68.42 BTC) with an entry around $111,066.5, and a leveraged ETH 3x Long totaling roughly $19.7 million (approximately 4,859.83 ETH) at an entry near $4,056.06, per the reported on-chain data.

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