A whale in the"ETH Swing" market added 400 BTC to its long positions within 7 hours, while also holding ETH long positions worth $140 million.

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According to BlockBeats, on March 3rd, Coinbob's monitoring of popular addresses showed that the "ETH Swing"whale(0xa5b...1d41) had been continuously adding to its long positions in the past 7 hours, totaling 400 BTC (approximately $27.33 million), with an average price of $68,425 and a floating loss of $26,000. In addition, this address also holds long positions in 70,000 ETH, worth $140 million, currently showing a floating profit of $1.3 million.

This whale had established a long position in ETH worth over $100 million at the end of last year, and closed it all out in February of this year, holding approximately 60,000 ETH. Since then, it has re-established its position, continuing its trading style of buying low and selling high, and swing trading with a position size exceeding $100 million.

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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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