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After losing 2.1 million, they reversed and went long. This whale wallet with 1000 BTC + 10,000 ETH now has an unrealized profit of 1.4 million.
【Crypto World】An interesting event has occurred. On-chain data shows that a smart money wallet that once bet against ETH has chosen to make a drastic change—completely reversing its strategy from short to long after losing $2.1 million.
This turnaround is no small matter. The wallet has directly opened a 3x leverage position, increasing holdings in BTC and ETH. Specifically, it now holds a long position of 1,000 BTC and 10,000 ETH.
It seems the bet was correct this time. The unrealized profit has already reached $1.4 million. From significant loss to a turnaround, when this move was initiated and the logic behind it are worth analyzing.