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On-chain Evening Review: Whales Show Significant Activity, Is the Consolidation Continuation Leading to Divergence?
On January 4th, according to Hyperinsight monitoring, the following are the movements of popular whales with new rebalancing from 10:00 to 20:00:
Bullish camp: The well-known “bankrupt whale” James Wynn is long on PEPE with a one-week unrealized profit of $480,000, and has opened a new 40x leveraged BTC long position, with a holding size of $5.06 million. After closing a ETH long position with a loss of about $470,000, a certain whale switched to long PEPE, with a position of $12.8 million, becoming the largest on-chain PEPE long.
Bearish camp: The swing whale “pension-usdt.eth” entered a short position on ETH, with an average entry price of $3,142.76. The Paradigm-related address unstaked 16,000 ETH and transferred all to CEX. A certain whale increased its BTC and ETH short positions, with a total holding value of $109 million.