Whale appears, closing long positions on BTC and ETH, while holding a 20x SILVER short position with unrealized loss.

【Blockchain Rhythm】A whale address’s trading details have attracted attention. In the past two hours, a large holder starting with 0x61c has completely cleared their BTC and ETH long positions, with closing prices nearly at the same level as the opening costs.

The origin of this long position is not recent—it was established only at 4 a.m. today. At that time, the BTC long position reached $23.02 million, with an average opening price of $89,570; the simultaneously opened ETH long was even larger, with a holding of $35.9 million and an average price of $2,976.

It seemed like a quick harvest. But the story of this large holder is not over. On-chain data shows that they still hold a 20x leveraged SILVER( silver contract) short position, with a size of $21.2 million and an average price of $89.64. The problem is, this short position is currently floating at a loss of $950,000, possibly betting that SILVER will continue to decline.

The large holder frequently switches between long and short positions, reflecting the flexible responses of various market participants amid current volatility. It is worth continuously monitoring this address’s subsequent movements.