Whale activity in trading saw a significant development as the "Lightning Reversal" whale (0x50b30) shorted 211.71 BTC at 20x leverage on January 23, with an average entry price of 89,845 USD, according to HyperInsight. This address is known for rapidly switching between long and short positions, often flipping large trades immediately after closing. The whale's leveraged trading has attracted attention due to its precise timing and substantial scale.
BlockBeats News, January 23, according to... HyperInsight Monitoring: The "Lightning Short" whale (0x50b30) shorted 211.71 BTC at 12:31 with 20x leverage, at an average entry price of $89,845. The position is currently showing a slight floating loss.
The address rapidly reverses positions from long to short, and it is common for it to immediately establish large positions in the opposite direction after closing its current position.
