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Whale "Lightning Counterattack" strikes: BTC takes profit on 83 coins, ETH is completely cut at a loss
【Blockchain Rhythm】On January 13th, a transaction by a whale address (0x50b3…) drew attention. This address is nicknamed “Lightning Reversal,” referring to its fast-paced operations and quick direction changes.
On that day, the whale did two things simultaneously. First, it took partial profits on its BTC long position, reducing 83.21 BTC, which netted approximately $7.607 million. After taking profits, the average price of its BTC longs slightly increased from the previous level to $92,062.90, with an unrealized profit of only $1,515 on paper. However, the BTC holdings of this address remain substantial, still maintaining a value of $17.3879 million.
Interestingly, at the same time, it completely closed its ETH long position, effectively cutting losses. The previous ETH long position was also sizable, reaching $10.681 million.
This whale’s trading style is indeed unique—after closing a position, it generally immediately opens a large position in the opposite direction, with a very rapid switch between long and short. This combined operation effectively takes profits on BTC while completely switching sides on ETH. The underlying logic behind this behavior is worth the market participants’ attention.