Whale increases holdings by $60 million in 3 hours, flipping from short to long BTC, reaching a new all-time high in holdings

【On-Chain Rhythm】A whale address has been busy again recently. This massive whale with the address 0x94d has been making quite a few moves in the past few hours—significantly adjusting positions and aggressively adding long positions on mainstream coins. In a short period, the account size has jumped from $250 million at 10 a.m. this morning to $315 million now, an increase of over $60 million.

Let’s go back to around 4 a.m. today. This whale decisively closed all previous ETH, BTC, and SOL short positions to lock in profits. Then it immediately went long on BTC at around $90,600, and gradually increased positions in other mainstream coins. Currently, it holds long positions in 7 mainstream coins, with a total scale reaching $315 million. On the Hyperliquid platform, this guy has become the largest long position holder in BTC.

The details of the position changes are quite interesting: the BTC long position with 20x leverage grew from $121 million to $157 million, with an average price around $90,800, floating profit of $1.86 million. The ETH long position also increased from $70 million to $91 million, with an average price of $3,123, floating profit of $950,000. The SOL long position reached $33.14 million, with an average price of $138, floating profit of $1.03 million.

This whale is no small player. It only started building positions in December last year, with the account holding just $20 million at that time. Since then, it has been aggressively increasing short positions on BTC and ETH. Because its trading strategy has always been opposite to MicroStrategy’s continuous BTC buying approach, this address has been labeled by the market as an “obvious counterparty.” Recently, this guy has been frequently reversing to large long positions, each time with hundreds of millions of dollars in positions. The shift from short to long also reflects a certain change in market sentiment.