Whale suddenly reverses: from fully closing ETH shorts to aggressively attacking with over 3x longs

YieldWhisperer · 2026-01-08T15:36:10+00:00

Recently, a well-known investor opened a 3x leveraged ETH long position with $12.63 million, indicating a strong signal from bearish to bullish. The investor closed all ETH short positions 7 hours ago, quickly adjusting the position, reflecting their judgment on the subsequent market trend.

YieldWhisperer

2026-01-08 15:36:10

Abstract generation in progress

【Chain News】A well-known large holder’s recent actions have attracted attention. This whale just opened a new ETH long position with 3x leverage, bringing the total position to approximately $12.63 million. Interestingly, just 7 hours ago, he had completely closed all his ETH short positions—shifting from bearish to bullish, a significant move.

According to on-chain data, the entry average price for this long position is $3,097.07, and the current mark price is around $3,099.9. Although the unrealized profit is not large, such rapid position adjustments often reflect the large holder’s judgment of the subsequent market trend. From fully clearing shorts to directly leveraging long positions, this shift signals a clear change.

ETH-0,32%

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SmartContractRebel

· 01-10 16:06

Wow, with this speed, going from a short position directly to a leveraged long? The whales really aren't afraid of death.

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ContractTearjerker

· 01-09 19:37

Short positions fully closed and turned around to over 3x? This whale really sniffed out something, and their speed is extraordinary.

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MoonMathMagic

· 01-08 16:05

This whale really knows how to play. The bears immediately switch to bulls, turning around with a move of 12.63 million USD. I wonder if this guy saw some good news or what?

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DevChive

· 01-08 16:04

The whales are playing reverse hand again, closing short positions with over 3x profit. This pace is a bit fast.

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ForumMiningMaster

· 01-08 15:54

This whale was still short 7 hours ago, and now has turned around to 3x long. Such a quick shift, could it be a trap to shake out the shorts?

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CompoundPersonality

· 01-08 15:53

You're coming to shake out us retail investors again, right? Last time, short positions made a killing, and now you're switching to long? I just want to know how these whales are looking at this—are they really that confident?

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FUD_Whisperer

· 01-08 15:52

Whale's move this time is really awesome. 7 hours ago, they were holding a short position stubbornly, and now they’re flipping and going over 3x? This guy must have seen some on-chain data or is just throwing money in frustration. Anyway, we're just here to ride along and enjoy the ride.

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