Two whales, two opposite bets on the same dump
One: Wang Chun (F2Pool co-founder) sold 7,740 $ETH near $2,390 about a week ago, per EmberCN. Over the last two days he bought back 10,992 ETH at an average near $1,989 for roughly 3,250 more ETH than he sold. Lookonchain caught 5,746 ETH of that just today.
Two: trader AguilaTrades closed a BTC short for about $1.3M profit, then opened a fresh 40x short on 500 $BTC (about $34.6M) with liquidation near $72,273 per Lookonchain.
ETH sits around $1,962 now, a little under Chun's average. BTC is near $69,400 today, only about 4% from that short's liquidation.
My read: the spot buyer is betting the flush is mostly done, the leveraged trader is betting it isn't. A squeeze back above $72,000 would settle it fast. Lose today's low near $67,570 and the short wins this round.
Watching wallets is useful, copying them isn't a plan. Whales size and time trades in ways we can't see.
#OnChain #WhaleWatch #Ethereum #Bitcoin
NFA
One: Wang Chun (F2Pool co-founder) sold 7,740 $ETH near $2,390 about a week ago, per EmberCN. Over the last two days he bought back 10,992 ETH at an average near $1,989 for roughly 3,250 more ETH than he sold. Lookonchain caught 5,746 ETH of that just today.
Two: trader AguilaTrades closed a BTC short for about $1.3M profit, then opened a fresh 40x short on 500 $BTC (about $34.6M) with liquidation near $72,273 per Lookonchain.
ETH sits around $1,962 now, a little under Chun's average. BTC is near $69,400 today, only about 4% from that short's liquidation.
My read: the spot buyer is betting the flush is mostly done, the leveraged trader is betting it isn't. A squeeze back above $72,000 would settle it fast. Lose today's low near $67,570 and the short wins this round.
Watching wallets is useful, copying them isn't a plan. Whales size and time trades in ways we can't see.
#OnChain #WhaleWatch #Ethereum #Bitcoin
NFA
