A whale closed its short positions in BTC and ETH at the lowest point before a rebound at 1 AM, then flipped and bought ETH spot.

He basically closed his short positions worth $62.8 million at the lowest point before the rebound: BTC averaged around $101,400, and ETH averaged around $2,224. These short positions earned him $3.07 million.

After closing, he used $13.88 million to buy 6,037 ETH, with an average price of $2,299. He now has a floating profit of $720,000.

His move from short to long paid off; if it weren't for this short to long operation, his shorts would have been underwater, rather than currently making a profit of $3.79 million.

Address link🔗👉：