Whale "quietly" rebalances: from BTC bears to ZEC bulls, what does this $35 million account's strategic shift reveal?

【BitPush】An on-chain whale with a position size of $35 million has been quite busy lately. According to on-chain data monitoring, this account was very active last weekend—multiple position adjustments, with the total holdings now reduced to $258 million, down from $309 million on January 9th, a significant decrease.

Even more interesting, just an hour ago, it opened a new ZEC long position, currently holding 42,498.49 ZEC (approximately $17.6 million). It seems this veteran is not one to make moves casually.

The account also holds long positions in major cryptocurrencies such as BTC, ETH, SOL, XRP, etc. As of now, the account’s profit and loss over the past day is about $5.3 million, and over the past month approximately $14 million—showing a steady profit-making rhythm.

What’s more noteworthy is the transformation of this account’s identity. It opened in December last year, initially adopting an aggressive short-selling strategy—once heavily increasing short positions in BTC, ETH, and other major coins, making it one of the largest BTC shorting camps on-chain. But a key change last week broke this pattern: this once steadfast “shorts commander” suddenly turned around, switching from bearish to bullish. This 180-degree strategic shift is quite intriguing.