A whale closes $100 million long positions, locks in $17.78 million profit, then opens a short on 20,000 ETH

深潮 TechFlow reported on October 30 that, according to on-chain analyst Ember (@EmberCN), a whale who had held long positions in BTC and ETH for nearly 4 months turned bearish on the market outlook following the Binance hack, closed all long positions worth approximately $100 million, locked in profits of about $17.78 million, and then opened a short position on 20,000 ETH at $2,228, worth approximately $44.6 million. The address had opened a long position on 1,000 BTC at $62,353 in early July and a long position on 10,000 ETH at $1,762.

Source: 深潮 TechFlow