Tracking Update: The scalpel whale has activated a 'dual strategy' hedging mode. This pro with a 90% win rate not only picked up some spot positions but also built an extremely conservative hedging portfolio: Massive short protection: Opened 10,000 ETH short positions at an average price of $2771, worth $28M. Aggressive buy orders below: • Placed 5912 long orders between $2656 - $2754, worth $16M. • Placed 742 spot orders between $2044 - $2718, worth $1.7M. Spot holdings: Currently acquired 544 spot ETH at an average price of $2779. If the price drops to $2650, his shorts will rake in profits, and his longs will be fully filled. This plan is just too sharp. Address in the comments.