Whale giants engage in fierce competition: BTC OG longs with unrealized gains of $47 million, Strategy bears shift to short ETH

【Blockchain Rhythm】The latest on-chain address monitoring data shows that multiple top whales in the crypto market are actively adjusting their positions, indicating a clear shift in market sentiment from bullish to bearish or vice versa.

First, let’s look at the actions of the “BTC OG Insider Whale.” This account has been opening long positions for over a month, with an overall unrealized profit of $47 million. Among them, ETH long positions are the most impressive, with an unrealized profit of $36.6 million (27% return), an average entry price of $3,147, and a single-asset holding of approximately $670 million. It also holds BTC and SOL long positions, with a total position size of about $845 million. Currently, this whale is a leading player on the Hyperliquid platform in ETH and SOL longs. However, it is important to note that due to holding positions for over 30 days, the funding rate settlement has recorded a loss of $6.46 million, indicating ongoing pressure from long position funding rates.

In comparison, the “CZ Opponent” account has shown improvement. This account has shifted from a previous loss to a profit. ETH long positions have an unrealized profit of $7.9 million, with a position size of $190 million at an average price of $3,190. However, its XRP long positions are still in trouble, with holdings of $83 million but an unrealized loss of $5.8 million. Currently, this account’s total position size is $280 million, making it the largest XRP long and the second-largest ETH holder on Hyperliquid.

The short camp is also making adjustments. The “ZEC Largest Short” closed a significant portion of its ZEC and MON short positions today, while also stopping losses on BTC shorts. ZEC short positions shrank from $17 million to $5.4 million, with an average entry price of $419. MON shorts decreased to $3.8 million. Nonetheless, this account still holds a total short position of $173 million, making it the largest ETH short on-chain.

In the altcoin sector, the “Altcoin Short Army Leader” continued building short positions in LTC, PUMP, XPL, and other tokens today. The LTC short position increased by approximately 29,739 coins, worth $2.35 million at the current price of $85. The total position size of this account rebounded from $47 million yesterday to $53 million.

The “pension-usdt.eth” has been continuously reducing ETH long positions over the past three hours, closing approximately 9,985 ETH, worth $33.2 million, realizing a profit of $2.39 million. The remaining position size is about $33.3 million, with an average entry price of $3,097.

Most notably, the “Strategy Opponent” has made a major move. This account fully closed its large ETH and BTC long positions earlier this morning, with a position size of about $230 million, realizing a profit of nearly $14 million. Shortly after closing these positions, it shifted to short positions, opening BTC, ETH, and SOL shorts within the past three hours, with a total position size now reaching $74.06 million. This rapid transition from large longs to shorts reflects a significant change in market participants’ outlook on the future direction.

Overall, the main forces in the market are undergoing a noticeable shift from bullish to bearish or vice versa. Some whales are locking in profits or adjusting their risk exposure, and the movements of key accounts warrant ongoing attention.