Ancient whale knife licking blood, angrily betting 290 million on ETH! What’s hidden behind the long and short positions that contain the bull market password?
Here’s a scoop! The legendary "Bitcoin ancient whale" has just made a big move on-chain, directly betting 290 million dollars to increase long positions! Let me explain in detail:
According to the latest on-chain dynamics, the Bitcoin ancient whale has once again stirred up a wave, betting 290 million in long positions at the key price level of 3915 dollars for Ethereum, bringing the total position to 289 million dollars! For BTC, they used 15x leverage, investing 173 million dollars to go long; for ETH, they used 5x leverage, investing 115 million dollars to go long. At the same time, the main account also holds 118 million dollars in BTC short positions, which has already yielded a profit of 20%.
Key Point: The total scale of long positions is more than twice that of short positions. Although on the surface it seems like a hedging between long and short positions, in reality, there are more long positions, indicating that the whale is more optimistic about the market’s upward trend. Additionally, the account still has 280 million dollars in cash, ready to add to positions at any time, suggesting that there may be a bigger trend ahead.
For retail investors, the key is not to follow the whale's high-leverage operations. Do not use all your funds to gamble; remember, avoid going all in. It's important to understand the whale's hedging logic, where the main account opens both short and long positions, essentially diversifying risks rather than simply betting. Everyone can learn this approach; don’t put all your money into one coin; diversifying positions is safer. Finally, leave enough position size to handle unexpected situations and seize opportunities for secondary entry, avoiding the trap of chasing highs and panicking during dips. Is this whale's operation a signal before the market starts, or does it have deeper meanings? It’s too early to draw conclusions now, but that 280 million dollars in cash reserves is clearly waiting for the next key moment.
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