BlockBeats News, January 23rd, according to Hyperinsight monitoring, the “Lightning Reversal” address (0x50b3…) made multiple consecutive transactions in a short period of time, synchronously adjusting its ETH short and BTC long positions.
The address first liquidated and flattened its ETH short position: it first reduced its ETH short by 1,912.15 ETH (worth approximately $5.52 million), and then increased its ETH short by 1,990.34 ETH (worth approximately $5.8 million). After the adjustment, its total ETH short position is worth approximately $23.56 million, with a current unrealized loss of approximately $38,100.
At the same time, the address significantly flattened its BTC long position, increasing its BTC long by 142.57 BTC, worth approximately $12.86 million. After the transaction, its BTC long position grew to around $66.83 million, with an average price slightly down to $89,557.70, and a current unrealized loss of approximately $160,600.
This address is known for its extremely rapid long and short reversals, often conducting large-scale reverse positions immediately after closing positions. This synchronous adjustment once again reflects its high-frequency and flexible trading style.
