This whale has been making a few million last few days and he has now a long and a short on. Long $BTC 20x for $27.8M Short $ETH 23x for $76.2M Is he a gambler or does he know something?

Whale activity always grabs attention

That's a strange trade, though, unless he's trying to hedge one with the other! usually, #Bitcoin and #Ethereum move in the same direction.

he knows it will either, go up or down… ahhhhh very smart indeed.

Bet that whale follows and subscribes to @seth_fin 👀

Hey VPA K Nice nick name

Gambler!

Pure gamble, A big BTC long and ETH short can be a smart relative value bet, yet leverage this high also means one sharp move can wipe the whole setup fast.

does he know something filed.

헷징전략 잘하고 있는데요

Hes just trapped into the btc long

I follow this whale, good scalper but its like 1 week underwater

Large bets may be option trade hedges. Don't assume big long/short sizes dictate market direction. Avoid following these trades, because as the price approch their liquidate price they might adjust it based on their hedge positions.

A hedge, not a prophecy. Whales manage risk too.

Looks more like hedging than gambling. Price action will reveal the intent. 📊

Bro that whale is just playing the spread. BTC long ETH short is a classic pair trade but those leverages are asking for a liquidation party. Might work until it doesnt.

Reading the broader picture