Big Flip: Anti-CZ Whale Shifts to ETH Long After ASTER Short

Anti-CZ Whale Flips Ethereum Short Position To Long: Here’s All

In a dramatic reversal, the mysterious Anti-CZ Whale has flipped their Ethereum position from short to long, after raking in $21 million from their successful Aster short. The whale's current holdings reveal a significant shift in strategy, with 32,802 ETH valued at approximately $109 million now held long, alongside notable positions in Aster, kPEPE, and DOGE.

Anti-CZ Whale Flips Ethereum Position

According to a recent X post by on-chain analytics platform Lookonchain, Anti-CZ whale, who recently drew attention with $21M profits from ASTER shorting, has found their way to a strategic pivot. According to on-chain data, the investor has switched its position on Ether from short to long. The trader now currently holds a total of 32,802 ETH worth approximately $109 million. At the same time, they have a short position of 58.27 million Aster tokens worth about $59.7 million.

They also hold a short position on 1.99 billion kPEPE tokens worth $11.3 million, and is holding 130,566 DOGE long worth a total of $21,500. The turnaround of the Ethereum position from a short to long by the Anti-CZ Whale suggests a bet on the largest altcoin’s recovery in the long term. By changing their approach, the investor shows confidence in a potential upside for crypto, regardless of the prevailing market conditions. The implications of this move will also serve as a calculated viewing signal to the market and possible frame of reference for other investors.

Accumulation Surges Despite Market Downturn

This significant shift on ETH holding comes amid the altcoin’s prevailing downward trend. Aligning with the broader market crash, Ether has faced significant losses over the past few days. As of press time, Ether is valued at $3,290, marking notable dips of 5.8%, 18.6%, and 27.7%, over the past day, week, and month, respectively.

Driven by this downtrend, the 24-hour trading volume has surged to $75.42 billion, up 37%. This indicates that traders and investors are utilizing the buy-the-dip opportunity, as they remain highly optimistic about the token’s potential bullish trend. As CoinGabbar reported earlier today, large holders have accumulated about a staggering 323,523 ETH, valued at approximately $1.12 billion, over the past two days.

Anti-CZ Whale’s ASTER Story

Yesterday, CoinGabbar reported that the enigmatic trader generated an unrealized profit of $21M from their ASTER shorting. The whale has reportedly taken a contrarian stance to Binance founder Changpeng Zhao's investment in the cryptocurrency.

Just after CZ indicated buying the token, the investor came in short-selling the crypto aggressively, betting against the token going up. As the token's price fell from $1.20 to 0.83, their leveraged shorts paid off massively as they realized triple-digit returns.