COINOTAG News, citing Hyperinsight, reports a split in on-chain sentiment on December 31, as whales executed rebalancing between 10:00 and 20:00. The analysis identifies bullish and bearish camps, underscoring potential shifts in liquidity and risk in crypto assets.
In the bullish camp, ‘Brother Ma Ji’ Huang Licheng trimmed his ETH long by 25x to 8,500 ETH, realizing about $119,000 in unrealized profit. The Die-Hard Bull closed ETH, SOL, UNI, and PUMP longs and opened BTC and FARTCOIN long positions with an unrealized loss of roughly $153,000.
In the bearish camp, the Ultimate Bear reduced LIT short entry to $2.80, while maintaining a 20x short on BTC, about $44.2 million notional. The Shanzhai Air Force Leader expanded LIT short to $6.26 million, the largest on-chain position.
A separate Long-to-Short whale dumped $70.72 million of BTC at 20x, then opened a $16.71 million ETH long hedge, leaving an unrealized loss near $240,000.
Source: https://en.coinotag.com/breakingnews/ethereum-whales-trim-eth-longs-and-pivot-to-btc-in-dec-31-on-chain-rebalance-update
