Whales Adjust ETH Leverage and Add XAUt Buys; HYPE Longs and LIT Shorts Expand

Between 10:00 and 20:00 on January 2, on-chain data show several whale reallocations, Hyperinsight reports. A whale/institution that lost $13.73 million on ETH in November by buying high and selling low spent $9.95 million to acquire 2,251 XAUt at an average price of $4,420. Huang Licheng reduced a 25x leveraged ETH long to 8,000 ETH to take profit and opened a 10x leveraged long on 11,888.88 HYPE. A whale that borrowed 5,000 ETH one month ago to short closed the position after ETH rose above $3,000, with an estimated gain of $390,000, while another whale (0x218) increased its ETH short to 18,875.18 ETH, valued at $57.32 million, and the LIT short position rose to 3,813,196 LIT, now the largest on-chain LIT short.