In this round, the giant whales engage in a fierce battle of long and short positions, observing the market’s transition between bullish and bearish trends!
(Background: Putin talks to Trump for 2 hours: ready to discuss a ceasefire agreement with Ukraine, but is it just a façade? Bitcoin rebounds to $106,000)
On the 19th, BTC briefly surged to $107,000 before retracing, while ETH dipped below $2,400, leading mainstream currencies to generally enter a retracement phase. Regarding the future market direction, giant whales have begun to “speak through their positions.” Some have spent millions to initiate their shorting journeys, while others have seen their long positions float with nearly $30 million in profits. Odaily Planet Daily will summarize the recent positions of relevant giant whales in this article for readers’ reference.
Giant Whale Jams Wynn: Long Position Profits Once Approached $30 Million, Currently Retraced to About $18 Million
On May 18, according to on-chain analyst @EmberCN, giant whale @JamesWynnReal used 40x leverage to go long on 3,788.7 BTC on Hyperliquid, with a position value of $391 million, opening at $103,083 and a liquidation price of $96,474. As BTC briefly broke above $105,000, James Wynn’s long position profits exceeded $27.7 million, including $8.38 million from BTC 40x long positions and $20.26 million from kPEPE 40x long positions.
Latest data shows that giant whale @JamesWynnReal’s BTC long position profits have retraced to $1.12 million; kPEPE long profits have retraced to about $17 million; in addition, its XRP long position is at a floating loss of about $2.42 million. On-chain data: link
Long Position Representative
ETH Shorting Faction: 25x Shorting, Position Value Once Exceeded $100 Million
Yesterday, an address that had been dormant for four years, 0xcddf, shorted 41,851 ETH with 25x leverage, with a position value of $103 million, opening at $2,514 and a liquidation price of $2,525; subsequently, due to ETH’s rise, it ultimately incurred a loss of $2.46 million upon liquidation. After liquidating its ETH shorts, the user turned to use the remaining funds to go long on BTC: opening a 40x long position on 166 BTC at $106,580, with a position value of $17.6 million, ultimately losing $175,000 in just 45 minutes. However, it later re-entered with a 25x short on ETH, accumulating profits and increasing its position to 4,136 ETH. Latest data shows that the address’s 25x leveraged short position has decreased to about $9.8 million, with current floating profits of about $180,000. On-chain data: link
Caught in the Middle Representative
ETH Shorting Faction: 20x Shorting, Position Once Reached $70 Million
The address 0x2258 previously shorted 28,248 ETH with 20x leverage, with a position value of $70 million, opening at $2,561 and a liquidation price of $2,694. Seven hours ago, it closed all its short positions, and the address has been cleared. On-chain data: link
Positions Cleared
SOL Shorting Faction: 20x Shorting, Holding Over 20,000 SOL
On May 16, according to OnChain Lens, a whale deposited 1.7 million USDC to Hyperliquid to open a top-level SOL short position with 20x leverage. Latest data shows that the address currently holds about 20,336 SOL, accumulating floating profits of about $197,400. On-chain data: link
Shorting Continues
Mainstream Currency Shorting Faction: Previously Profited Over $15 Million on Hyperliquid, Shorting 5 Tokens
According to Lookonchain monitoring, a whale who profited over $15 million on Hyperliquid has begun to short ETH, BTC, AVAX, SOL, and USUAL extensively. The trader has set 100 limit orders in the $2,460-$2,480 range, preparing to continue shorting ETH. Latest data shows that all of the address’s short positions are profitable, including 3,034 ETH short positions at 20x leverage with floating profits of about $182,000; 38 BTC short positions at 20x leverage with floating profits of about $84,000; approximately 50,000 AVAX short positions at 20x leverage with floating profits of about $38,000; approximately 1,935 SOL short positions at 20x leverage with floating profits of about $9,000; and 185,000 USUAL short positions at 5x leverage with floating profits of about $2,000. On-chain data: link
20x Shorting ETH, BTC, AVAX, SOL, 5x Shorting USUAL
HYPE Shorting Faction: 5x Shorting, Holding Over 1.87 Million HYPE
Previously, on-chain analyst Yu Jun monitored that a whale opened a 5x short position on 1.875 million HYPE on Hyperliquid; on the 17th, it incurred a floating loss of $12.06 million. Subsequently, it withdrew 3 million USDC from Binance as margin, with a liquidation price of $31.6. Latest data shows that the address currently has a floating loss of about $9.55 million. On-chain data: link
Firm Bears
In addition to the aforementioned whales engaging in contract longs and shorts, there are also whales who have bottomed out during the previous ETH plunge, ultimately realizing millions in profits.
ETH Bottom-Feeding Whale: Purchased Over 6,700 ETH at Bottom, Profiting Over $4.26 Million
According to on-chain analyst Yu Jun, a whale transferred 6,384.5 ETH to Binance within the past 4 hours, receiving 15.549 million USDT, selling at an average price of about $2,435. This whale withdrew 6,710 ETH from Binance about a month ago, at a price of $1,768. Rough estimates suggest that it has realized profits exceeding $4.26 million from this operation. On-chain data: link
Profits Realized
Conclusion: The Bears Hold a Temporary Lead, But the Bulls Never Give Up
After a brief weekly close higher, both BTC and ETH have experienced varying degrees of retracement, currently favoring the bears. Moreover, the whales that previously bottomed BTC and ETH have also chosen to take profits. However, industry figures and analysts, including James Wynn and Arthur Hayes, generally believe that BTC prices are unlikely to drop below $100,000, and the bulls remain optimistic. In the short term, while the bears may have the upper hand, the bulls never say die.
