"Lightning Reverse" giant whale suddenly synchronizes adjustment: ETH short positions are hedged, BTC long positions increased by nearly $13 million

HashBandit · 2026-01-23T08:56:12+00:00

A mysterious trading address has attracted attention for its quick position adjustments. On January 23, the address closed nearly 1912 ETH shorts, bought nearly 1990 ETH, and significantly increased its BTC long position to $66.83 million. This reflects its flexible and decisive trading style, and the market is closely watching its movements.

HashBandit

2026-01-23 08:56:12

Abstract generation in progress

【Block Rhythm】A mysterious trading address (0x50b3…) attracted market attention on January 23. This address is known as the “Lightning Counterattack” due to its quick reactions and frequent position adjustments. Its latest series of operations once again demonstrate its trading style.

It first made a slight adjustment to its ETH short position—closing 1,912.15 ETH shorts, incurring a loss of about $5.52 million, then immediately bought back 1,990.34 ETH shorts, costing approximately $5.80 million. After the adjustment, the total short position was about $23.56 million, with an unrealized loss of $38,100. At the same time, it significantly increased its BTC long position—adding 142.57 BTC at once, equivalent to an investment of about $12.86 million.

With this operation, the BTC long position reached approximately $66.83 million, and the average buy price dropped to $89,557.70. The current unrealized loss is $160,600.

Interestingly, this address follows a consistent pattern—often immediately building a large reverse position right after closing a position in one direction. This time, it adjusted both ETH and BTC positions simultaneously, fully demonstrating how flexible and decisive it is. The market is watching, and traders are observing.

ETH0,03%

BTC0,05%

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SleepTrader

· 8h ago

This whale is betting on a rebound, still daring to cover ETH short positions... Truly brave.

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GasFeeSobber

· 12h ago

What is this whale playing at? Sometimes it’s flat, sometimes it’s adding, making my eyes dizzy. BTC average price is 89,557. Is this a bottom-fishing move or a run? ETH short position is still losing; something doesn’t feel right. This brother is really a bit crazy, throwing 12.86 million at once. Lightning’s counterattack lives up to its name, but the losses are quite real. Feels like impulsively adding positions out of frustration, not normal trading behavior. I’m a bit confused about the logic of this address, please explain.

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ConfusedWhale

· 12h ago

This whale is really throwing a tantrum, selling and buying again, losing again, the pace is so fast I can't keep up.

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GasFeeBarbecue

· 12h ago

This whale is really playing hard, closing positions and opening new ones just to lower costs. That's pretty ruthless.

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MidsommarWallet

· 12h ago

This whale is really a bottom-fishing fanatic, still adding to their position despite losses? --- The name "Lightning Reverse" is really fitting. Closing positions in the morning and opening new ones in the afternoon, I just watch how you get buried. --- $66.83 million long position, this kind of boldness is truly impressive. --- ETH short position lost over five million but still dares to continue chopping? Is this guy smart or a gambler? --- Hmm, now there's unrealized loss... feels like either a big rebound or a liquidation, one of the two. --- This brother's mental resilience is undeniable. I was already broken long ago. --- Watching him add to his position while I reduce mine, a reverse operation is probably the right way. --- It's another low-average-price game. Whales really dare to play everything.

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SignatureAnxiety

· 12h ago

This whale is really gambling, building while balancing, and just adjusting positions has burned over 10 million.

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MidnightSnapHunter

· 12h ago

Is this whale really throwing a tantrum, sometimes calming down and sometimes building up, playing a heartbeat game? Lightning's counterattack nickname is really powerful, just worried that one day their reaction speed can't keep up with their brain. The average cost of adding BTC positions has been pushed above 89k, is this a subtle hint to the market... The slight adjustment in ETH short positions seems to be testing the waters, not quite like the final direction. Over ten million dollars seems like a game; how many years of work would I need to understand this trading volume? They're messing with their positions again. After this move, are they waiting for a rebound or continuing to dump? A floating loss of $160,000 might just be a minor operation for them. The recent activity frequency of this address is a bit suspicious—are they building a position or covering up some big move?

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LiquiditySurfer

· 12h ago

This guy is really surfing the waves. Repeatedly flattening ETH short positions, going all-in again on BTC. Just look at this capital efficiency... he's a bit greedy.

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