"Lightning Reverse" 24-hour inverse scaling, whales once again invest $10 million to go long on ETH

Tagged as “Lightning Reversal,” the whale demonstrated its characteristic rapid counter-trade on January 14. According to Hyperinsight monitoring, this address consecutively increased its ETH long positions twice within a short period, adding approximately 3007 ETH, worth about $10.06 million. This operation occurred less than 24 hours after closing its ETH longs on January 13, fully reflecting this whale’s trading style.

From Cutting Losses to Adding Positions: A Complete 24-Hour Reversal

The speed of this whale’s actions is indeed impressive. According to relevant information, on January 13, this address was still shorting ETH, holding 11,694.63 ETH shorts with an average entry price of $3,088.64, with an unrealized loss of $280,000 at that time. Later, this address closed those shorts, realizing a loss.

Then, on January 14, the same address turned around to go long ETH and made two additional buy-ins in a short period. This rapid change in direction is the origin of the “Lightning Reversal” label.

How Large Is the Position After Adding

After completing the buy-in, this whale’s ETH long position data is as follows:

A long position of $53.26 million is a significant bet in the current market. Considering leverage, the actual risk exposure is even larger.

What Signal Does This Operation Convey

From a market perspective, this whale’s buy-in at least indicates two pieces of information:

Optimism about ETH’s recent upward trend. ETH has risen 7.26% in the past 24 hours, with related data showing its price reaching $3,342.41. The whale’s increased position at this level suggests it believes there is further upside potential.

A high-risk gamble. The $53.26 million long position with leverage means this address is betting on ETH continuing to rise. If ETH falls below the $3,090 liquidation price, this position will face forced liquidation. Given this whale’s history of frequent reverse operations, this high-leverage position could also trigger subsequent reversals.

Summary

The “Lightning Reversal” whale’s recent buy-in demonstrates its rapid, large-scale trading style of quick reversals and big bets. From closing shorts on January 13 to increasing longs on January 14, this address completed a complete directional shift within 24 hours, pushing its ETH long position to $53.26 million. This can be seen as confidence in ETH’s recent rally, but also highlights that high-risk, high-reward trading strategies remain active in the market. For ordinary investors, monitoring such whales can help understand short-term market sentiment, but blindly following is not advisable, as their high leverage operations inherently carry significant risks.