On-chain Data: Whale Liquidates Nearly $30 Million Worth of BTC Short Position, Opens ETH Long Position

On October 24th, according to the monitoring of HyperInsight, there may have been a high-volume surge around $3,890 for ETH, with the support and resistance levels interchanging. Several whales closed their multi-currency short positions an hour ago. Then, within 2 minutes, three addresses simultaneously switched to opening long positions on ETH. These addresses include: The whale address starting with 0x7a9 closed and exited ASTER and BTC short positions, reducing the nominal value by nearly $15 million and redirected the funds to open a 20x leveraged ETH long position at an average price of $3,938, currently holding a nominal value of $12.12 million. The whale address starting with 0x19a closed and exited a BTC short position, reducing the nominal value by approximately $10 million and redirected the funds to open a 6x leveraged ETH long position at an average price of $3,939, currently holding a nominal value of $9.09 million. The whale address starting with 0x960 closed and exited BTC and HYPE short positions, reducing the nominal value by approximately $2.6 million and redirected the funds to open a 15x leveraged ETH long position at an average price of $3,950, currently holding a nominal value of $9.07 million.