ChainCatcher message, according to HyperInsight monitoring, shows that a whale address labeled as “Lightning Reversal” (0x50b3…) executed two opposite transactions at the same time.
The address partially took profit on its BTC long position, reducing 83.21 BTC, worth approximately $7.607 million. After this operation, its average entry price for BTC longs slightly increased to $92,062.9, with current floating profit of about $1,515, and the position size still reaching $17.3879 million. Meanwhile, the address fully closed its ETH long position (cut losses). Before closing, the ETH long position was valued at $10.681 million. This address is known for extremely rapid long-short switching, with the typical operation being to close a position and immediately open a large position in the opposite direction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,003.2 USDT.
CryptoRadar29m ago
BTC 15-minute increase of 1.07%: Whale transfers and low liquidity periods resonate to drive rapid surge
From 15:30 to 15:45 (UTC) on March 3, 2026, the price of BTC experienced a short-term increase of +1.07%, with the range quote reaching a high of 67,835.0 USDT from an initial 66,815.9 USDT, a fluctuation of 1.53%. Market trading volume also expanded simultaneously, with attention significantly rising, and short-term volatility intensified, reflecting synchronized driving forces from both liquidity and sentiment.
The main driver of this movement was large transfers by whale funds. On-chain monitoring data shows that 2,873 BTC (approximately $260 million) were transferred from an unknown address to a major exchange.
GateNews47m ago
ProCap Buys 450 Bitcoin as NAV Discount Drives Strategy
ProCap Financial purchased 450 Bitcoin and repurchased 782,408 shares as prices fell below net asset value. The firm plans to continue buying back shares while discounts persist, mirroring broader corporate strategies in a weak crypto market.
CryptoFrontNews53m ago
Data: In the past 24 hours, the entire network has been liquidated for $399 million, mainly long positions.
According to ChainCatcher reports, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $399 million, with long and short positions liquidated at $258 million and $141 million respectively. The liquidation amounts for BTC and ETH were $155 million and $90.76 million, respectively, with a total of 116,342 people liquidated. The largest single liquidation was $4,457,300.
GateNews1h ago
