"Lightning Counterattack" whale makes a big move of $16 million: BTC averaging down, ETH new build

According to the latest news, the whale address labeled as “Lightning Reversal” executed two significant actions on January 15: one continued to add to its BTC long position (adding 65.72 BTC worth $6.4752 million), and the other opened a new ETH long position (329.26 ETH worth $1.0872 million). The total operation scale exceeded $16 million. This address, which has attracted high market attention, once again demonstrates its operational style of “quickly shifting and daring to make decisions.”

Operation Breakdown: The Logic Behind One Addition and One Reduction

BTC Hedging, Trend Unchanged

This address executed a hedging operation on its BTC longs, adding 65.72 BTC, valued at approximately $6.4752 million. After hedging, the average cost of its BTC longs slightly decreased from $96,981.90 to $96,917.50, with a total position size of about $59.99 million.

The key signal from this operation is clear: although there is an unrealized loss of about $411,700, the whale chose to continue adding rather than reducing its position. The willingness to hedge during market volatility indicates that its judgment on BTC’s trend remains unchanged. This is not blind accumulation but a typical “buy on dips” strategy.

ETH New Position, Reaffirming Optimism

Meanwhile, the address opened a new ETH long position, with an average price of $3,303.32, holding 329.26 ETH, with a position size of about $1.0872 million.

This operation is noteworthy. According to related information, this whale completely closed its ETH long position on January 13 (cut losses), then made multiple roll-over additions on January 14. Now, on January 15, it has reopened a long position, indicating a rapid adjustment in its view on ETH.

Characteristics of the Whale’s Operations: High-Frequency Reversals by Large Funds

The address labeled as “Lightning Reversal” earned its nickname because of its operational style: quick shifts, high-frequency reversals, and willingness to take profits and cut losses.

Recent operation trajectory:

• January 13: Closed BTC longs to realize profits, fully closed ETH longs (cut losses)
• January 13: Reopened BTC longs with 20x leverage
• January 14: Made two roll-over additions to ETH, increasing holdings by over $10 million
• January 15: Continued hedging BTC and opened new ETH longs

What does this rhythm of operations indicate? It shows that large funds are rapidly adjusting their strategies based on market changes—not greedy, not stubborn. They exit when necessary and enter when opportunities arise. Maintaining such a style with multi-million dollar positions is challenging, but this address has consistently managed to do so.

Market Signal Interpretation

From these two operations, several signals can be read:

BTC Direction is Clear: Despite current unrealized losses, the hedging indicates that the trend of BTC remains intact. Large funds are showing through their actions: they are optimistic about the future market and willing to add at current prices.

Rekindled Interest in ETH: From cutting losses to opening new positions, this whale’s view on ETH has shifted to a more positive short-term outlook. Although the position size is relatively small (around $1.08 million), it signals that ETH’s short-term correction may have run its course.

Cautious but Not Pessimistic: Overall, this whale’s operations are not about “bottom-fishing” or “desperate adding,” but about making rational adjustments based on market rhythm. Hedging BTC is about maintaining trend confidence, while reopening ETH longs shows renewed optimism.

Future Outlook

Based on this whale’s historical behavior, possible future developments include:

• If BTC continues upward, this address’s BTC holdings may profit, possibly taking profits at a high point.
• If ETH rebounds in the short term, the newly opened ETH longs could quickly expand, even rolling over to add more.
• If the market experiences an unexpected decline, this address might quickly reverse again or even establish new positions in the opposite direction.

This is the logic of “Lightning Reversal”: not stubbornly sticking to one direction, but flexibly adjusting according to market rhythm.

Summary

Operations by multi-million dollar whales often reflect the true intentions of large funds. The two actions on January 15—hedging BTC (maintaining optimism) and opening ETH longs (reaffirming optimism)—with a total scale exceeding $16 million, clearly express their outlook on the market.

The key point is: this is not blind accumulation but rational adjustment based on market changes. The trend of BTC remains positive, and ETH’s short-term correction may have already bottomed out. For ordinary investors, observing such large fund actions provides insight into the real market pulse.