Market snapshot: On-chain analytics from HyperInsight show elevated volatility overnight, with Bitcoin above $91,000 and Ethereum clearing $3,100.
Whale activity: Lead holders extended ETH long exposure to 54,277 ETH, with unrealized gains near $4.0 million.
Positioning: Two notable traders, dubbed “CZ Whale Opponents,” hold high-leverage ETH longs but have not adjusted their bets.
BTC-to-ETH shifts: Pension-usdt.eth, previously BTC short, flipped to a 2x ETH long, holding 20,000 ETH at about $3,087.
Liquidations and re-entries: The Buddy closed ETH longs during last night’s dip, realizing about $738k, then re-entered with 2,100 ETH ($6.18 million).
Alt-asset flows: Ethena Labs moved 25 million ENA off Bybit, leaving 7.7989 billion ENA worth around $207.7 million.