Whale Giants' Rebalancing Record: From Crypto Assets to Stocks and Futures, How Should This Be Calculated?

【BlockBeats】Another major player is adjusting their strategy. According to on-chain data, within the past hour on January 14, a well-known whale holding large short positions has significantly reduced its ETH, BTC, and SOL short positions with 20x leverage. The combined holdings of these three assets have shrunk by approximately $3.5 million in one go. Even more astonishing, compared to last week, the total size of these three short positions has been cut in half from $45.6 million to $14.5 million, with BTC shorts being completely closed out and still in the process of being liquidated.

Interestingly, this whale has not exited completely. While reducing crypto assets, it is aggressively increasing its short positions in on-chain gold (PAXG) and XRP with 5x leverage. It has now become the largest short position in the PAXG market. Specifically:

PAXG Shorts: Holdings of $13.2 million, average price $4,525, with an unrealized loss of about $320,000

XRP Shorts: Holdings of $11 million, average price $2.088, with an unrealized loss of about $330,000

ETH Shorts: Holdings of $7.82 million, average price $3,182, with an unrealized loss of about $350,000

Even more interestingly, this address recently opened 18 short positions on Hyperliquid, mainly concentrated in traditional big-name stocks such as Oracle, Palantir, and Amazon. The total stock position size is approximately $4 million.

From crypto to stocks, from longs to shorts, this whale account’s total holdings amount to about $50 million, demonstrating a cross-market, cross-asset class large-scale operation.