Whale Investor Shifts Strategy With Ethereum And Bitcoin Holdings

According to PANews, a prominent Ethereum whale investor, known for an 85% success rate in trading, has recently adjusted their investment strategy. The investor has closed all leveraged short positions on Ethereum and is now holding the cryptocurrency with a bullish outlook. Additionally, the investor has increased their short positions on Bitcoin. The whale currently holds 33,334.97 Wrapped Ethereum (WETH), valued at approximately $108 million. In contrast, they have shorted 740.1 Wrapped Bitcoin (WBTC), worth around $77.32 million, with an average shorting price of $104,297 per Bitcoin. As of now, the investor is experiencing an unrealized loss of $127,000 on these Bitcoin short positions.