Whale Expands Bitcoin Long and Altcoin Short Positions Amid Market Divergence

On September 20, a whale adjusted its positions repeatedly in the early hours of the day, with total trading activity of about $32 million. According to BlockBeats On-chain Detection, the whale increased a Bitcoin long by 250 BTC, bringing the total to 500 BTC long positions, then opened a short position of 5 million XRP and added 40,000 SOL to its short exposure. The whale now holds 2972.96 ZEC short positions and has placed 25 limit sell orders above the ZEC price, ranging from $1,600 to $1,800. The total value of those orders is about $3.45 million, suggesting the whale is waiting for ZEC to rebound by roughly 10% to 24% before adding to the short. The whale's strategy appears to be centered on going long BTC while shorting altcoins, rather than simply betting on broader market gains or losses. It has expanded its BTC long to 500 coins, while shorting SOL, XRP, HYPE, and ZEC, indicating a view that altcoins may underperform Bitcoin. Over the past 12 closed positions, the whale has recorded profits in every trade, with total gains of about $4.58 million. Its overall realized profit and loss stands at about $17.68 million, and its win rate on completed trades is 69.63%. The address is 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5.