Flash Crash Insider's Strategic Shift: Ethereum Long Position Expansion to $736 Million

Anon4461 · 2026-01-29T01:16:03+00:00

A prominent trader, who previously shorted during October's flash crash, has shifted to a bullish stance by accumulating 20,000 ETH, totaling 223,340 ETH valued at $736 million. This reversal indicates increased market confidence and may predict significant movements in Ethereum's market.

Anon4461

2026-01-29 01:16:03

Abstract generation in progress

According to on-chain analyst Ai Yi’s latest tracking data reported by PANews on January 17th, the trader known for shorting during the October flash crash has made a significant move. The insider, who initially positioned himself against the market during that volatile period, has now reversed course with an aggressive accumulation strategy focused on Ethereum.

From Bearish to Bullish: The Trader’s Bold Reversal

The flash crash event in October served as a turning point in market dynamics. What makes this trader’s recent activity particularly noteworthy is the sharp contrast between his earlier bearish stance during the crash and his current bullish positioning. This reversal suggests a fundamental shift in market sentiment among sophisticated traders who weathered the October volatility.

Building a Massive ETH Position

In a concentrated accumulation effort, the insider added 20,000 ETH just nine hours before the January 17th report, expanding his total Ethereum holdings to 223,340 ETH. At the time of reporting, these holdings were valued at approximately $736 million, representing substantial exposure to the world’s second-largest cryptocurrency by market capitalization.

The timing and scale of these purchases signal strong conviction in Ethereum’s near-term prospects. Such large-scale position building by institutional-grade traders often precedes significant market movements, making this development a key metric for community analysts tracking whale activities.

Profitability and Market Confidence

The accumulated floating profit on his recent ETH additions stands at $29.46 million, while his overall floating gains across all positions reach $40.93 million. These impressive returns validate the trader’s market timing and strategic decision-making, particularly given the volatile environment that followed the flash crash.

At current ETH valuations of $3.01K as of late January 2026, the trader’s positions continue to demonstrate strong profitability. This accumulation pattern by a seasoned trader who successfully navigated the October flash crash volatility serves as a bullish signal for Ethereum’s continued strength in the market.

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