According to on-chain analytics platform Lookonchain (@lookonchain), long and short positions on ETH are directly confronting each other. Address 0xe069 opened a short position of 30,000 ETH (approximately $53.49 million) with 20x leverage; this address previously achieved profits on three consecutive long positions on BTC, ETH, and SOL, accumulating a total profit of $444,000. Address 0x7fba opened an equal long position of 30,000 ETH (approximately $53.49 million) with 10x leverage, with six out of eight historical trades profitable, yielding a win rate of 75% and total profits of $3.1 million.
Whale opens a 30,000 ETH short position with 20x leverage, worth $53.49M
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Summary
A whale address (0xe069) has opened a 30,000 ETH short position with 20x leverage, valued at approximately $53.49 million, according to Lookonchain. This same address previously executed three profitable long trades on BTC, ETH, and SOL, netting $444,000. Another address (0x7fba) opened a 30,000 ETH long position with 10x leverage, achieving a 75% win rate across eight trades and generating $3.1 million in profits.
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