Huo Xing Finance reports that, according to Lookonchain monitoring, on May 26, a large whale opened a short position of over $100 million in ETH yesterday and closed it with a loss of $260,000. Subsequently, the whale switched to a long position in BTC, opening a long position of 175.04 BTC, worth approximately $13.43 million.
Whale Closes $100M ETH Short with $13.43M BTC Long
MarsBitShare
Summary
Whale activity saw a major move on May 26, 2026, as a whale closed a $100 million ETH short position at a $260,000 loss, according to Lookonchain. The same whale then opened a BTC long position of 175.04 BTC, valued at $13.43 million. This shift suggests a pivot toward long-term Bitcoin investing.
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