On-chain whale activity overview: ETH long positions expand, XRP short positions under pressure and reducing holdings

【Blockchain Rhythm】According to on-chain whale monitoring data, the main accounts in the crypto market experienced divergence and adjustment on January 20.

BTC OG insider main accounts maintained a steady position, with overall unrealized gains narrowing to $8.1 million. Core holdings focus on ETH long positions, with unrealized gains of $5.5 million (account unrealized gains account for 4%), an average price of $3,161, and a single position size of $713 million. Simultaneously holding BTC and SOL long positions as allocations, the total account holdings amount to approximately $874 million, currently ranking first on the Hyperliquid platform for ETH and SOL longs.

CZ’s counterpart accounts are under pressure, with overall unrealized losses of $12 million. The largest loss comes from XRP long positions, with a holding size of $75.6 million and unrealized losses of up to $13.3 million, but the ETH long positions held simultaneously have an unrealized profit of $1.4 million (holding size of $183 million, average price $3,190), partially hedging the risk. The current total account holdings are $264 million, making it the largest XRP long and the second-largest ETH long on Hyperliquid.

ZEC’s largest short position continues to realize profits, significantly reducing the MON short position, which has now decreased to $1.4 million, but with unrealized gains of $560,000 (120% return). The total short position size is about $166 million, controlling the largest ETH short position on-chain.

The performance of the altcoin short army’s leader is noteworthy, with the overall unrealized gains expanding to $11.05 million. Profits have been continuously realized from closing PUMP and MET short positions overnight and this morning, with the PUMP short position size at $4.7 million (average price $0.00258), and the total short position on the account approximately $48.1 million, gradually realizing gains.

The pension-usdt.eth account’s 3x leveraged BTC long position has been under significant pressure since opening on the 16th, with current unrealized losses of $3 million, a position size of $92.76 million, and an average price of $956,000.

The on-chain gold largest long position has taken advantage of the trend, with a PAXG 5x leveraged long position unrealized profit of $400,000 (23% return), an average price of $4,415, and a position size of $7.02 million. Additionally, it holds multiple on-chain stock positions, with a related total holding of approximately $18 million.