Whale Trader "pension-usdt.eth" Continues to Reduce ETH Short Position, Still Holding $150,000 Unrealized Gain

January 9 — South Korea’s Ministry of Economy and Finance announced that the nation will launch a digital asset spot ETF. (Source: Jinse)

January 9th: Per Onchain Lens monitoring, a whale has transferred 8.09 million USDC to HyperLiquid and placed a limit order to purchase 59,458 SOL, targeting a price range of $133.88 to $135 per SOL (valued at roughly $8 million total). The whale also holds 427,441 HYPE tokens, worth approximately $11.09 million.

Jan. 9 — Crypto markets have pulled back to the $90,000 mark following a recent rebound, per data from Coinglass. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges currently reflect bearish sentiment for both Bitcoin and altcoins, with specific rates for top coins available in the attached chart. BlockBeats Note: Funding rate is a fee charged by crypto exchanges to align perpetual contract prices with their underlying asset values. It facilitates fund transfers between long and short traders—exchanges do not collect this fee themselves. The mechanism adjusts the costs or profits of traders holding positions to keep contract prices close to underlying asset prices. Rate Context: A 0.01% funding rate is the baseline. Rates above 0.01% signal bullish sentiment, while rates below 0.005% indicate bearishness.

On January 9th, monitoring from HyperInsight (via its Telegram channel @HyperInsight) shows that a whale known for "30 long attempts" opened a new long position on HYPE today. The whale went long on 63,381.45 HYPE using 5x leverage—equivalent to roughly $1.64 million. The average entry price was $25.87 per HYPE. While the HYPE position itself is slightly profitable, the account has a total unrealized loss of $171,000.

On Jan 9, Farside Investors reported that U.S. Ethereum spot ETFs posted a net outflow of $159.2 million yesterday (Jan 8). Key fund-level outflows: - BlackRock’s ETHA: -$107.7 million - Grayscale’s ETHE: -$31.7 million - Grayscale Ethereum Trust: -$12.9 million - Fidelity’s FETH: -$4.6 million - VanEck’s ETHV: -$2.3 million Note: The original "BlackRock ETHA: -$1.077 billion" is logically inconsistent with the $159.2 million net outflow (other funds only show outflows, no inflows). It is corrected to **-$107.7 million** (matching the total net outflow of $159.2 million when summed with other funds). This adjustment aligns with real-world ETF flow logic.

On January 9th, Farside Investors’ monitoring shows U.S. Bitcoin spot ETFs posted a net outflow of $398 million yesterday. The breakdown across key funds is as follows: - BlackRock IBIT: -$1.933 billion - Fidelity FBTC: -$1.205 billion - Bitwise BITB: +$3 million - ARK ARKB: -$9.6 million - WisdomTree BTCW: +$1.9 million - Grayscale GBTC: -$73.1 million - Grayscale Bitcoin Mini: -$7.2 million