Whale movements amid market recovery: Bulls bet on ETH, bears intensify short positions

【Block Rhythm】On January 7th, whale address monitoring data shows market activity is on the rise. As recent market conditions warm up, the unrealized gains of some key addresses are also expanding, but different whales have varying judgments about the future market.

Let’s first look at the bullish side. There is a long-tracked “BTC OG insider large holder,” whose total unrealized gains have expanded to $27.06 million. This entity mainly holds ETH long positions, currently with unrealized gains of $21.33 million, an average price of $3,147, and a position size of about $660 million. They also hold profitable long positions in BTC and SOL, with a total account size of $825 million. On Hyperliquid, this whale has already taken the top spot in ETH, BTC, and SOL long position rankings.

Another address called “CZ Opponent” is doing well, with an ETH long unrealized profit of about $3.5 million, holding $185 million worth of positions at an average price of $3,190. Additionally, they are heavily invested in XRP, with a scale of $87.95 million, currently with an unrealized loss of $1.05 million. This address is now the largest XRP long on Hyperliquid and the second-largest ETH holder, with a weekly profit of $30.61 million, and no rebalancing actions taken.

On the short side, things get interesting. The “Strategy Opponent” has been continuously increasing ETH short positions, adding about $18 million from yesterday to today, now with a short position of $79.5 million at an average price of $3,145, currently with an unrealized loss of $2.55 million. Besides shorting ETH, this entity is also the largest BTC short whale on Hyperliquid, with a BTC short position of about $139 million at an average price of $91,300.

The “ZEC Largest Short” has recently been steadily closing MON short positions, reducing about $1.6 million overnight. The current MON short position is about $8.07 million at an average price of $0.028, with an unrealized loss of $20,000. However, its ETH short position is not doing well, shifting from profit to loss, with a position size of about $149 million at an average price of $3,239. The total short position across all assets is about $182 million, with a loss of $13.85 million this week. It is now the platform’s largest short holder in ETH, ZEC, and MON.

Another address, “pension-usdt.eth,” used 3x leverage to short ETH, with an unrealized loss of $2.31 million, a position size of $65 million, at an average price of $3,136, with a liquidation price at $4,547.

The “Altcoin Air Force Leader” has recently taken new actions, starting to build a BTC short position of $3,400. They have also been continuously increasing short positions in PUMP, MET, and Meme coins on the Solana chain such as PEPE and Fartcoin, with total short positions now reaching about $6 million. This address remains the largest short in LIT on Hyperliquid, with a position size of about $14.17 million at an average price of $2.7, and a current unrealized loss of about $1.65 million.

Overall, bulls continue to bet on ETH and other mainstream coins amid market warming, while bears are increasing their positions, with unrealized losses also mounting.