A whale who sold 9,600 ETH for $1,811 each on November 1, 2023, recently purchased 146.8 WBTC (worth $9.15 million) and 29.5 million OX (worth $480,000) on the chain in the past four days:

• Spent $9.15 million USDC to buy 146.8 WBTC at an average price of $62,329;

• Spent 140 ETH ($480,000) to buy 29.5 million OX at an average price of $0.016.

At the same time, he shorted BTC and ETH on the GMX platform, apparently for hedging:

• Shorted $2.05 million worth of BTC with 5.12x leverage at a price of $61,601, with a liquidation price of $72,953;

• Shorted $7.61 million worth of ETH with 5.39x leverage at a price of $3,430, with a liquidation price of $4,029.