Data: Lightning whale rebalancing, opening ETH short positions and increasing BTC long positions, suspected of bullish BTC against ETH exchange rate

2026-01-23 09:25:49

Abstract generation in progress

CoinVoice has learned that, according to Hyperinsight monitoring, the “Lightning Reverse” address (0x50b3…) has recently conducted multiple consecutive transactions, synchronously adjusting its ETH short positions and BTC long positions.

The address first executed a cut and flattening operation on its ETH short positions: reducing 1,912.15 ETH shorts (worth approximately $5.52 million), then increasing by 1,990.34 ETH shorts (worth approximately $5.80 million).

After the adjustment, the total value of its ETH short positions is approximately $23.56 million, with a current floating loss of about $38,100. Meanwhile, the address significantly flattened its BTC long positions, increasing by 142.57 BTC longs, valued at about $12.86 million.

Post-operation, its BTC long position size increased to approximately $66.83 million, with the average price slightly lowered to $89,557.7, and the current floating loss around $160,600. This address is known for its rapid long-short switching, often executing large reverse positions immediately after closing a position. This synchronized adjustment once again demonstrates its high-frequency and flexible trading style.

ETH1,33%

BTC1,11%

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