On-chain Whale Movements Overview: Heavy Long Positions by Whales Suffer Losses Before the Crash, "Machi" Keeps Adding Positions Despite Repeated Defeats

BlockBeats News, November 14, according to Hyperinsight monitoring, here is an overview of the most active on-chain whale movements in the past 24 hours:

A certain whale opened a 25x long position on ETH worth about $46.6 million before the sharp drop, with a total unrealized loss of about $3.4 million. The current positions are as follows:

Address 1: 25x long ETH position worth $24 million, entry price $3,467.75, liquidation price $2,779, unrealized loss $1.98 million;

Address 2: 25x long ETH position worth $22.6 million, entry price $3,396.43, liquidation price $2,196.54, unrealized loss $1.36 million.

“Machi” Huang Licheng continued to add to his 25x ETH long positions during this morning’s market downturn and has closed his UNI long position. His current 25x long ETH position is worth $24 million, entry price $3,451.78, liquidation price $3,038, with an unrealized loss of $1.6 million.

An address suspected to be related to Richard Heart received 4,978 ETH transferred from the mixer Tornado Cash. These ETH were sold at $3,273 each, exchanged for 16.294 million DAI. Recently, Richard Heart transferred 154,000 ETH (about $611 million) to 22 new wallets. All these ETH were purchased in March 2024 at an average price of $3,779, with a total cost of 621 million DAI.

The largest ZEC short position on Hyperliquid has been held for over a month, with unrealized losses narrowing from over $20 million at the peak to $9.5 million. The entry price was $336, ZEC is currently priced at $508, and the position is worth as much as $28 million. This address started building the ZEC short position on October 11 and continued to add to it during the price increase to average down the cost, with no closing so far. This whale also opened a 15x ETH short position worth $26 million, currently with an unrealized profit of $6.6 million, entry price $4,094.

A certain whale holds a 20x BTC short position, with an unrealized profit of over $15 million. This whale has earned over $41.7 million through multiple short positions on bitcoin.

Last night, whale 0xdc17 deposited 52.5 million BANK tokens, worth $3.36 million, into Bitget.

Last night, an address 0x2dc, which has held PEPE for two years, deposited 168.55 billion PEPE tokens, worth about $969,000, into an exchange. Two years ago, this address accumulated these tokens at an average price of $0.00000184, with realized profits of $658,000 and a return on investment of 312%.