A whale closed its short positions in BTC and ETH at the lowest point before the rebound at 1 AM, then 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 shorts earned him $3.07 million.

After closing the positions, he bought 6,037 ETH for $13.88 million, with an average price of $2,299. He now has an unrealized profit of $720,000.

This move of closing shorts and going long was correct; if it weren't for this action, his shorts would have been underwater instead of making a profit of $3.79 million now.

Address link🔗👉: https://t.co/nJhjuLnZBg

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