Cryptocurrency Whale Trader Evades with $1.77 Million Profit, Then Goes Long on Tech Giants

A notable cryptocurrency whale trader, identified as Evaded, has recently closed short positions on Bitcoin (BTC) and Ethereum (ETH). According to data from OnchainLens, these positions were liquidated, yielding a total profit of approximately $1.77 million.

Following this profitable exit, the trader has taken on substantial long positions in Microsoft and Oracle stocks. Specifically, Evaded has opened 41,400 shares and 56,600 shares of stock, respectively, with a combined value of around $31.5 million. These new positions were established using 10x leverage.

It's worth noting that the total value of these long positions is significantly higher than the trader's initial profit from closing the short positions on BTC and ETH. This indicates a substantial shift in Evaded's market strategy, as they now appear to be prioritizing growth through long positions rather than profiting from short-term price movements.