Whale Game Heats Up: ETH Bull Massive Turnaround to Profit, Bear Continues to Add $20 Million

【Block Rhythm】In the past week, the long and short sides of the crypto market have engaged in intense position battles. According to on-chain address monitoring data, the movements of several key large holders are worth paying attention to.

Let’s first look at the bullish side. An address nicknamed “BTC OG Insider Whale” recently turned the tide, with its total unrealized profit expanding to $17 million. Its main holdings are in ETH long positions, which have shifted from loss to profit, with an unrealized gain of $11.95 million, and a position size of approximately $650 million, with an average entry price of $3,147. Besides ETH, it also holds long positions in BTC and SOL, with the entire account holding about $815 million. On the Hyperliquid platform, this address has become the top ETH, BTC, and SOL long position holder.

Another address called “CZ Opponent” has shown improvement. Its total unrealized loss has narrowed to $12.43 million, mainly due to market volatility. Its ETH long position is about $183 million, with an average price of $3,190, currently with an unrealized loss of $2.46 million. Additionally, it has a long XRP order worth $83.7 million, with an unrealized loss of $5.45 million. On Hyperliquid, it is the largest XRP long position holder and the second-largest ETH long position holder.

The short side is also making efforts. The address “ZEC Largest Short” continued adding to its ETH short position this morning, with current holdings reaching $147 million, an average entry price of $3,239, and an unrealized profit of $1.67 million. However, its ZEC short position’s unrealized loss is widening, with a loss of $15.08 million this week. The entire account’s short positions amount to about $182 million, making it the platform’s largest short holder for ETH, ZEC, and MON.

Another address called “Shanzhai Air Force Leader” is very active. It is adjusting its LIT short position, with a current holding of $11.2 million at an average price of $2.70, with an unrealized loss of $350,000. Recently, it has been continuously increasing short positions in PEPE and XPL, with total holdings reaching $41.38 million. It has added nearly $20 million in short positions compared to a week ago. Currently, it is the largest LIT short position holder on Hyperliquid.

It is worth noting the activity of the address “pension-usdt.eth.” Yesterday, it transferred $30 million to the Hyperliquid contract account in one go, then opened a ETH short position with 3x leverage. Its current position size has reached $63.6 million, with an average entry price of $3,136 and a liquidation price of $4,545. Such large leveraged operations have attracted considerable market attention.