「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

**March 17 Update** Per Hyperinsight monitoring (https://t.me/HyperInsight), a crypto whale dubbed the "Silver Ironhead Air Force" (address: 0x61ce) opened two offsetting positions this morning amid a notable market recovery: - 20x leveraged BTC long (~$22M) - 20x leveraged ETH short (~$22M) Total position size: ~$45M. The whale’s play: bet on a weakening ETH/BTC exchange rate. **Current P&L** - BTC long: Unrealized loss = $230k (-20%) - ETH short: Unrealized gain = $420k (+37%) Net unrealized profit: ~$200k **Whale Context** Historically, this whale frequently hedges crypto positions against commodities (silver, crude oil) and favors short strategies. This time, it’s betting ETH’s higher Beta will drive a steeper drop than BTC—targeting profits from a falling ETH/BTC pair amid an expected market pullback.

On March 17, per HTX market data, Bitcoin dropped below $74k, trimming its 24-hour gain to 0.6%; Ethereum fell under $2,300, trimming its 24-hour gain to 1.95%.

Per Farside monitoring data as of March 17th, U.S. Ethereum spot ETFs logged a net inflow of $35.9 million yesterday—marking their fifth consecutive day of net inflows. Breaking down individual fund flows: - BlackRock’s ETHA ETF posted a net outflow of $16.2 million; - BlackRock’s staking-focused ETHB ETF recorded a net inflow of $32.4 million; - Fidelity’s FETH ETF saw a net inflow of $34.9 million.

March 17th — Per OnchainLens monitoring, a whale purchased 10,000 ETH from Bitget 16 minutes ago, valued at $23.14 million. The whale currently holds 31,292 ETH (worth $72.34 million), with 21,292 ETH (valued at $49.22 million) already staked.

On March 17, data from Farside monitoring shows U.S. Bitcoin spot ETFs recorded a net inflow of $199.4 million yesterday—their sixth consecutive day of net inflows. BlackRock’s IBIT led with $139.4 million in net inflows, while Fidelity’s FBTC saw $64.5 million in net inflows.

March 17 – Per HyperInsight monitoring, Bitcoin (BTC) briefly surged toward $76,000 before paring gains. Within the past hour, as BTC fell below $75,000, a whale address starting with 0x8d6 was hit with three large liquidations on Hyperliquid. Total liquidations totaled 195.2 BTC, equivalent to roughly $14.5 million. The largest single liquidation reached $5.98 million, marking the biggest on-chain liquidation in nearly 24 hours. After the latest liquidations, the address still holds a 40x leveraged BTC long position: the position size is $15.2 million, with an average entry price of $74,300 and a liquidation price of $74,120. BTC’s current price is once again approaching this liquidation level. The address has faced multiple rounds of liquidations since yesterday and this morning, with total losses estimated at around $10.7 million. Subsequently, during the recent rebound, it chased the rally to re-enter, with the position size once hitting $30.3 million — making it a key aggres