Backhand whale, executing a large-scale short — HyperInsight's latest monitoring

TestnetFreeloader · 2026-02-16T12:08:05+00:00

HyperInsight reports that the whale address known as "Lightning Backhand" is executing significant short positions in both BTC and ETH markets, raising attention for its quick transition between long and short strategies. Its trading patterns may indicate shifts in overall market sentiment.

TestnetFreeloader

2026-02-16 12:08:05

Abstract generation in progress

Blockchain analysis platform HyperInsight has released its latest market surveillance report. It has been revealed that the whale address known as “Lightning Backhand” (0x50b30) is currently deploying a large short position in the BTC market. This whale, known for its backhand trading strategy, is attracting attention from market participants due to its recent activity.

Large Short Positions — BTC and ETH Stances

According to HyperInsight’s monitoring data, this backhand whale has built the following positions:

BTC Short Position

Position size: 684.54 BTC with 20x leverage
Average entry price: $87,428.6
Unrealized loss: approximately $700,000

With the current BTC spot price dropping to around $68.75K (as of February 16, 2026), the whale’s unrealized losses have further expanded.

ETH Short Position

Position size: 10,112.2 ETH with 25x leverage
Average entry price: $2,898.77
Unrealized loss: about $339,000

The ETH spot price is currently around $1.97K, meaning this decline has likely generated some profit for the whale.

Frequent Market Reversals — The True Nature of the Backhand Strategy

HyperInsight analysts are paying close attention to this address’s unusual trading pattern. The whale, known for its backhand approach, is famous for rapid reversals between long and short positions after settlement. It repeatedly closes a short position and immediately opens a large long position, or vice versa.

This trading method is considered a sophisticated strategy aimed at exploiting temporary market overheating or excessive selling pressure. For individual investors, tracking such moves is challenging. The behavior of whales employing backhand trades can serve as an important indicator of overall market sentiment shifts.

BTC-4.15%

ETH-4.93%

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