On-chain whale Evaded closes crypto shorts, places $31.5M leveraged bets on Microsoft and Oracle
By
ByAshish Kumar
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
An on-chain whale known as Evaded closed short positions on Bitcoin and Ethereum, then placed $31.5 million in leveraged long bets on Microsoft and Oracle stocks. This shift comes amid recent losses for BTC (down ~4% in 30 days) and ETH (down ~11%). The whale had previously made $1.77M from the short positions before pivoting to tech stocks.
Key quotes
· 3 pulledEvaded makes $1.77M, then goes all-in on tech
A trending on-chain whale, Evaded, has made some strange moves that have left the market watchers confused.
This move comes in when BTC and ETH have been posting back-to-back losses.
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