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PANews reported on January 27th that, according to on-chain analyst @ai_9684xtpa, the "whale that opened short positions after the 1011 flash crash" (address 0xcA0PANews reported on January 27th that, according to on-chain analyst @ai_9684xtpa, the "whale that opened short positions after the 1011 flash crash" (address 0xcA0

The "1011 insider whale" has accumulated 148,000 ETH from CEXs since yesterday, and its long positions in contracts have decreased to $680 million.

Author: PANews

Source: PANews

2026/01/27 07:51

PANews reported on January 27th that, according to on-chain analyst @ai_9684xtpa, the "whale that opened short positions after the 1011 flash crash" (address 0xcA0…b2998) withdrew another 30,000 ETH (US$87.81 million) from Binance three hours ago. Since yesterday, it has accumulated 148,000 ETH from exchanges, with a total value of US$427 million. As of now, it has borrowed US$240 million in stablecoins from Aave for cyclical long positions, with a health score of 1.49 and a liquidation price of US$1953.09.

Furthermore, this whale appears to be gradually reducing its long positions and converting them into spot trading. Its actions on Hyperliquid last night were as follows: reducing its ETH holdings by 14,000, resulting in a loss of $3.624 million; and reducing its BTC holdings by 427.28, resulting in a loss of $1.612 million. It has now reduced its long positions to $680 million, with a paper loss of $47.97 million.

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