A whale monitored by on-chain analyst Ai Yi opened a 4x leveraged long on 20,000 ETH, and minutes later initiated a 4x short on 546.69 BTC worth $42.8 million. The ETH position is now up $10.725 million, with total holdings reaching $92.33 million.
ChainCatcher says on-chain analyst Ai Yi tracked a whale account making high-leverage trades. First, the whale opened a 4x leveraged long on 20,000 ETH. Then, two minutes ago, it started a 4x short on 546.69 BTC, worth about $42.8 million, at an entry price of $78,561.3.
On the latest data, the whale’s 20,000 ETH position is sitting on an unrealized profit of $10.725 million. That pushes the total portfolio to $92.33 million. Both trades are using 4x leverage. So this looks like a hedge with the market swinging around.
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