Whale Liquidates $21.15M BTC Long Position, Adds 5,219.54 ETH

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On October 22, a whale with the address starting with 0x469e liquidated 250 BTC long positions, worth approximately $21.15 million, at an average price of $84,599.81, securing a profit of about $568,000. The proceeds were used to acquire 5,219.54 ETH, valued at $13.06 million, increasing the whale’s ETH long position from 10,000 to 15,200—a 52.2% increase. The current ETH position is valued at $37.075 million, with an average entry price of $2,601.72, but still reflects a floating loss of $2.522 million. This move highlights ongoing ETH price volatility and positions for further ETH analysis.

Huo Xing Finance reports that on October 22, according to TradingBeats monitoring, the whale wallet starting with 0x469e completed a major position adjustment this morning: closing out 250 BTC long positions, selling approximately $21.15 million worth; while adding 5,219.54 ETH long positions, with a total transaction value of approximately $13.06 million. The average closing price for BTC was around $84,599.81, realizing a profit of approximately $568,000; the average entry price for ETH was approximately $2,502.17. The ETH long position increased from 10,000 to approximately 15,200 ETH, an increase of about 52.2%. The current position value is approximately $37.075 million, with an average price of $2,601.72, still resulting in an unrealized loss of approximately $2.522 million. It is noted that ETH has not outperformed BTC; the spot ETH/BTC exchange rate is currently around 0.02946, down approximately 8.28% since the beginning of this month and down approximately 0.64% since October 15. Although there has been some recovery from recent lows, no sustained upward trend has yet formed.

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