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

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

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.