Analysts: An entity that previously held a long position of 100,000 ETH is currently experiencing a paper loss of over $4.48 million.

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According to TechFlow TechFlow, on February 10, according to on-chain analyst Ai Yi (@ai_9684xtpa), two addresses that collectively long of 100,000 ETH are currently experiencing a floating loss of over $4.483 million.

Address 0xa5B…01D41 holds 60,000 ETH (approximately $120 million), opened at $2,059.8, and is currently showing a floating loss of $3.078 million; address 0x6C8…D84F6 holds 40,000 ETH (approximately $80.38 million), opened at $2,039.43, and is currently showing a floating loss of $1.4 million.

Analysts say the two addresses are likely to belong to the same whale or entity.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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