2026-01-02 13:26:27

Recent whale rebalancing window (January 2nd, 10-20) has sent several interesting signals.

On the bullish side, an institution that was previously caught with a $13.73 million loss after selling ETH high and buying low in November has just recovered and started new deployments—spending $9.95 million to buy 2,251 XAUt gold tokens at an average price of $4,420. Another well-known trader, "Maji Gege," after taking profits, actively reduced leverage, cutting their 25x ETH long position to 8,000 ETH to take profit, then opened a new 10x leveraged HYPE position, amounting to exactly 11,888.88 ETH. It appears they are shifting from a single Ethereum long to a multi-asset configuration.

The bearish camp is not idle either. A whale that borrowed and shorted 5,000 ETH a few months ago closed their position after Ethereum broke above $3,000, earning about $390,000. More aggressively, whale #0x218 has increased their ETH short position to 18,875.18 ETH, with a total value exceeding $57.32 million—this is a real bet. Additionally, the "Shanzhai Air Force" LIT short position continues to expand to 3,813,196 tokens, making it the largest on-chain LIT short position.

From this rebalancing, market sentiment appears to be driven by bullish traders seeking new allocation points and bears continuing to add to their positions.

ETH3.87%

XAUT-0.1%

HYPE0.99%

LIT0.71%

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pvt_key_collector

· 2h ago

Big Brother Maqi's move this time is indeed impressive. From single currency to multi-configuration, it seems he's also a bit tired of the ETH position.

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LightningHarvester

· 2h ago

Damn, 0x218 this tough guy, betting over 57 million on ETH dropping? That's pretty bearish, a bit crazy...

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WalletManager

· 2h ago

Big Brother Maqi's move is quite interesting. Switching from a pure ETH long position to HYPE indicates they are reassessing the risk factor... The $57.32 million short position is indeed aggressive, but I usually don't engage in such one-sided bets. Multi-signature wallet configuration is the right way to go.

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SatoshiHeir

· 2h ago

It should be pointed out that the 0x218 operation is not a gamble at all; it is a typical risk hedging logic—on-chain data shows that the short positions increased after ETH broke through a key level, essentially testing the market's resilience. Obviously, this rebalancing does not reflect a confrontation between bulls and bears, but rather a final reorganization of large funds' allocations before the breakdown of the value consensus. Brother Magji's shift from pure ETH to HYPE is particularly intriguing; it's not an escape, but a search for new certainty—we need to return to the technical fundamentals to understand this move.

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FancyResearchLab

· 2h ago

0x218 this guy is really risking his life, a short position of $57.32 million, how big must his heart be to go all-in like this Brother Maji's move is quite interesting, shifting from ETH single bets to multi-asset, theoretically it should be feasible, just worried about locking himself into a certain contract again That institution trapped for $13.73 million still dares to make a move, truly a rebirth of the real retail investor, buying gold tokens is indeed a bit interesting

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