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ETH whales turn bullish and increase BTC short positions

Jan 31・Verified Binance official account

AI Summary

ETH whales turned bullish on holding coins and increased their BTC short positions, reflecting that market sentiment has turned to cautious optimism.

According to Odaily Planet Daily, the main address of a whale with an 85% win rate in a certain ETH band has closed all leveraged short orders and turned to holding coins for a bullish trend.
The address holds 33,334.97 WETH, worth $108 million. At the same time, the address increased its BTC short position, shorting 740.1 WBTC, about $77.32 million, with an average shorting price of $104,297, and has now suffered a floating loss of $127,000.

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