On-Chain Evening Review: Whales Actively Rebalance Positions, Bulls Shift to Defensive Strategy

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On January 2nd, according to Hyperinsight monitoring, the following are the movements of popular whales with new rebalancing from 10:00 to 20:00:
Bullish camp: A whale/institution that previously lost $13.73 million by high buying and low selling ETH over a week in November spent $9.95 million to buy 2,251 XAUt (gold tokens), with an average price of $4,420. “Brother Maji” Huang Licheng reduced his ETH long position with 25x leverage to 8,000 ETH to take profit, and added a new 10x leveraged long position of 11,888.88 HYPE.
Bearish camp: A whale who borrowed 5,000 ETH one month ago to short and closed the position after ETH reached $3,000, earning approximately $390,000 from the short. A major whale (0x218) increased his ETH short position to 18,875.18 ETH, worth $57.32 million.
“Shanzhai Air Force Leader” LIT short position increased to 3,813,196 LIT, now the largest on-chain LIT short.

ETH4.36%
XAUT-0.03%
HYPE1.82%
LIT-0.33%
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