Whale@0xbilly lost another $220,000 on buying high and selling low with ETH, following a previous loss of $800,000 in March.
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A whale initiated its third ETH/BTC exchange rate transaction this year, selling 4,695 ETH and acquiring 133.8 BTC.
According to BlockBeats, on July 5th, EmberCN monitoring showed that the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 in the past month. A whale who has already made a profit of 6389 ETH (approximately $11.34 million) this year through two ETH/BTC exchange rate transactions initiated its third ETH/BTC exchange rate transaction this year, selling 4695 ETH at a rate of 0.0285 and buying 133.8 BTC. This whale is betting that the ETH/BTC exchange rate will weaken further, meaning ETH will either rise less or fall more than BTC. On-chain data shows that in its first two ETH/BTC swing trades this year, the whale sold ETH at high exchange rates and bought it back at low rates, accumulating a total of 6,389 ETH. Specifically, in early January, 22,345 ETH were sold for 774 BTC, and then exchanged back for 24,564 ETH at the end of January, resulting in a profit of 2,219 ETH; in mid-April, 24,564 ETH were sold for 784.7 BTC, and then exchanged back for 28,734 ETH in early June, resulting in another profit of 4,170 ETH.
Analysis: Amidst record outflows from ETFs, whale snapped up 270,000 BTC, signaling a structural divergence in Bitcoin's future.
PANews reported on July 5th, citing CoinDesk, that amidst a continued outflow of institutional funds from the US, Bitcoin whale have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, a stark contrast to the record outflows from US spot Bitcoin ETFs. Analysis indicates this divergence exhibits historical cyclical characteristics: while institutional funds withdraw, long-term holders and whale accounts continue to accumulate, resembling a fund redistribution structure commonly seen at the bottom of previous cycles. On-chain data shows that although the spot premium remains negative, indicating weak buying pressure, large wallets continue to increase their Bitcoin holdings, suggesting the market is currently in a structural phase of "institutional deleveraging and long-term fund accumulation."
A whale who profited 6389 ETH from two ETH/BTC trades is now betting again on a decline in the ETH/BTC exchange rate.
PANews reported on July 5th that, according to on-chain analyst Yu Jin, the ETH/BTC exchange rate has strengthened in the past month, rebounding from a low of 0.0252 to the current 0.0285. A whale that profited 6,389 ETH (US$11.34 million) this year through two ETH/BTC trades has begun its third ETH/BTC trade: selling 4,695 ETH and buying 133.8 BTC at a selling rate of 0.0285. This whale is betting that the ETH/BTC exchange rate will continue to decline, meaning ETH will rise slower or fall more than BTC. In its previous two ETH/BTC trades this year, this whale sold ETH at exchange rate highs and then bought it back after the exchange rate plummeted.
"Whale Discovery" reports that Hynix opened 10% higher, recovering yesterday's losses, with a high-probability whale using 10x leverage chasing the rebound.
According to BlockBeats, on July 8th, Hyperinsight monitoring showed that in the past hour, an address starting with 0x1cb opened a long position in SK Hynix (SKHX) with 10x leverage: holding 2,362,465 tokens, with a nominal size of approximately $3.576 million, an average opening price of $1,496.485, a liquidation price of $1,436.50, and a current unrealized profit of approximately $40,700 (a return of approximately 11.5%). It is reported that SK Hynix opened 10.5% higher today, recovering most of yesterday's losses. This particular address concentrated buying during the main upward trend, with 653 transactions completed, ranging in price from $1,486.90 to $1,520.00, continuously pushing up its holdings. This address has opened SKHX positions 25 times in the past two weeks, mostly completing a round of swing trading within the day, with a win rate of about 70.8%. This is its 25th long recently. - HyperInsight Bot is now live. Add @HyperInsightBot to the Telegram community and set it as an administrator (message sending permission required) to automatically sync on-chain information.
UBS recommends buying SK Hynix's upcoming ADRs and selling its Seoul-listed shares.
Mars Finance reported on July 7th that UBS Group stated investors should buy SK Hynix's planned American Depositary Receipts (ADRs) and sell the chipmaker's South Korean-listed shares, as the former may enjoy a premium during trading. The Swiss bank's sales and trading division noted in a report to clients that these ADRs could be more attractive than South Korean shares for investors such as hedge funds due to their higher holding efficiency and lower costs. The report also pointed out that some global portfolio managers who do not hold its Seoul-listed shares may also be able to purchase these US securities. "Long on its ADRs and short its South Korean shares from day one sounds like there's nothing to hesitate about," the UBS report stated. "Given that an ADR discount is unlikely, the risk is very limited, making this a trade that can be executed on a very large scale." (Wide Angle Observation)
On the eve of SPCX's inclusion in the Nasdaq: Retail investors tend to be bullish and chase the rally, but whale place a $4.4 million sell order above.
According to BlockBeats, on July 7th, Hyperinsight monitoring showed that SPCX would be officially included in the Nasdaq 100 index before the US stock market opened today. However, Hyperliquid showed no signs of a one-sided long position. As of press time, SPCX was trading at $156.2, with a 24-hour trading volume of approximately $290 million. The large order book structure shows approximately $4.96 million in short covering buy orders in the $135-$155 range, while approximately $4.45 million in sell orders are located above this range of $156.3-$175.0. The SPCX order book is as follows: - Short covering/profit-taking buy orders: 116 orders, price range $135.0 - $155.1, approximately $4.95 million; - Sell orders at the top: 26 orders, price range $156.3 - $175.0, approximately $4.44 million; - Below are 17 buy orders, with a price range of $147.5 - $155.9, totaling approximately $1.8 million. Among the three types of orders, short covering buy orders ranked first in both number and size. Coupled with selling pressure above, large funds intend to "distribute at higher prices and buy back at lower prices". On the open interest side, there is a stratification between long and short positions, with the degree of shortness increasing progressively with position size, indicating that retail investors tend to be bullish. - Fully visible positions of $100,000 or more: 183 trades, totaling approximately $141 million, with a short/long ratio of approximately 1.15; - Large positions exceeding $1 million: 17 transactions, totaling approximately $55.76 million, with a short/long ratio of approximately 2.06; - Small to medium positions of $100,000 to $1,000,000: Long/Short ratio of approximately 1.25, which is the only level with a net bullish bias. At the whale cost line, the weighted cost of large long positions is about $164.59 and the weighted cost of short positions is about $169.68, both higher than the current price. Short positions are generally in profit while long positions are generally trapped. On the liquidation line, the most recent short liquidations are concentrated around $195.7 to $198.0, totaling approximately $10.44 million; long liquidations are mainly located around $97 and $110, both of which are far from the current price.