According to TechFlow TechFlow, on February 9th, Lookonchain, an Ethereum whale address "0xa5B0" closed its long Ethereum position after holding it for more than 70 days, incurring a loss of $8.8 million.
The address then immediately opened a new long position with 20x leverage, totaling 60,000 ETH (approximately $122.2 million). This new position is now showing a floating loss of over $1.4 million.






