A trending on-chain whale, Evaded, has made some strange moves that have left the market watchers confused. In fresh moves, it liquidated his short positions in Bitcoin and Ethereum and went straight long on Microsoft and Oracle. It is going bullish on these stocks with $31.5 million long bets. The whale has been a major metric for on-chain analysts and its competing whales. This move comes in when BTC and ETH have been posting back-to-back losses. Bitcoin price has dropped by around 4% in the last 30 days, while Ether price dipped by more than 11%. Evaded makes $1.77M, then goes all-in on tech Onchainlens in a post reported that Evaded closed its BTC and ETH short positions. However, it made a profit of $1.77 million. After just hours of bagging profits, the whale made some new moves. It went on to buy 41,400 long shares of MSFT and 56,600 long shares of ORCL at a 10x leverage ratio. Microsoft share price has surged by more than 10% over the last month. MSTR traded at $450.24 on the last trading session. Oracle share price has spiked by almost 40% in the same period. It traded at $225.78 on the last trading session. The successful trade marked a particularly rough period for the trader. Lookonchain data shows that Evaded had continuously switched between taking bullish and bearish stances on Bitcoin as its volatility rose through May. On May 20, Lookonchain posted that the whale wallet had earned approx $2.1 million in just two days after opening 10x leveraged long positions in Zcash (ZEC) and HYPE token. At that time, the wallet held 36,875 ZEC worth about $21.6 million and 287,618 HYPE valued at roughly $13.9 million. Evaded ( @ICanPlug ) made $2.1M in just 2 days! Yesterday, he opened 10x longs on 36,875 $ZEC ($21.59M) and 287,618 $HYPE ($13.89M), and is now sitting on $2.1M in unrealized profit. https://t.co/mt1sZfN7IC pic.twitter.com/bOEEl0v2V9 — Lookonchain (@lookonchain) May 20, 2026 Later on May 22, its ZEC and HYPE bets bagged it more than $7.5 million in unrealized gains in less than four days. It then opened another 25x leveraged long position on 18,100 ETH (approx worth $38.6 million). Whale trader suffers $4.8M hit on BTC, ZEC trades Its bullish stance was short-lived as the whale closed all of his HYPE, ZEC, and ETH long positions on May 23. It still made a profit of $4.6 million and reversed the position. Evaded opened a 990 BTC short position worth nearly $74.8 million. The new bearish bet was initially successful, generating about $783,000 in unrealized profit. Later on, the trader exited the Bitcoin short at a loss of roughly $320,000 and once again flipped bullish. May 24 saw Evaded focus on ZEC and added 53,500 ZEC long position (approx worth $34 million). The trade immediately moved against him, leaving the position down about $763,000. On May 26, it reopened a 40x leveraged Bitcoin short (approx worth $40.3 million) and was also holding the large ZEC long. By then, the ZEC position was showing an unrealized loss of around $1.87 million. Then came May 27, when Evaded closed both the ZEC long and Bitcoin short positions. This hit him with a loss of more than $4.8 million. The losses erased all of the trader’s earlier gains and left him down roughly $3.67 million overall during the period. Despite the setback, Evaded immediately increased his leverage to 30x and opened another large Bitcoin short position consisting of 940 BTC valued at about $71.4 million, with a liquidation price near $78,421. The smartest crypto minds already read our newsletter. Want in? Join them .
