Weekend Whale Activity Overview: Both ETH Bulls Liquidated Nearly $1 Billion in Long Positions and Exited, While Bear Whales Took Profit Successively

BlockBeats News, February 2nd, according to Coinbob Popular Address Monitoring, Bitcoin tested $75,000 over the weekend, and ETH dropped below $2,400. The on-chain "bullish" whale camp was almost completely wiped out, suffering heavy losses; whales focusing on shorting continued to take profit, reaping significant gains. The specific data is as follows:

“BTC OG Insider Whale”: The on-chain ETH and SOL largest long positions were completely liquidated, with a liquidation scale exceeding $700 million. The cumulative loss in the past two weeks was about $270 million, and the address has accumulated a loss of over $128 million since October.

“CZ Opposing Trader”: The original ETH second largest holder and XRP largest long position holder, saw consecutive liquidations of ETH and XRP long positions over the weekend, with losses of about $50.46 million. Last week, they were liquidated for $65.13 million. Their $260 million long position is now at zero.

“Buddy” Huang Licheng: Despite adding $390,000 in collateral over the weekend, their HYPE and ETH long positions were still liquidated, with the position liquidated from nearly $20 million to zero. After briefly reopening a HYPE long position, it is still at a loss, with the account now having less than $2,000.

“Ultimate Short”: Closed a significant amount of BTC short positions to take profit, with a weekend profit of about $9.68 million. The position size decreased from about $50 million to $14.4 million, currently having an unrealized profit of $6.7 million (931%), and a funding rate settlement revenue of about $10 million.

“Shanzhai Air Force Leader”: Closed large short positions on more than ten coins to take profit, with the position size decreasing from about $40 million to $12.8 million, with an overall account unrealized profit of $7.7 million (147%). They currently still hold large short positions in LIT, PUMP, and ASTER.

“Paul Wei”: The current BTC long positions have an unrealized loss of about 16%, accounting for about 30% of the total funds. Most of the funds are still in pending orders, and the BTC long and short pending order range has been adjusted to $72,700 to $80,800.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.