A whale went long 27,000 ETH and short 250 BTC over the past two days

2025-12-27 by admin

BlockBeats News, December 27th, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, address 0x50b…c9f20 started an ETH long position yesterday and opened a BTC short position 9 hours ago. The current position status is as follows:

ETH long position: holding 27,304 tokens ($80.04 million), entry price $2,931.9, unrealized loss $5,543;

BTC short position: holding 250.36 tokens ($21.91 million), entry price $87,334.2, unrealized loss $46,000;

This account has accumulated a profit of $3.638 million since July this year.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .