Whales open Longing , generating $2.3 million in Sui and $9.6 million in ETH in one hour.

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The whale Iron Head Bull opened Longing positions worth approximately $11.88 million in the last hour.

Details: 1.47 million Sui (~$2.28 million) and 3,000 ETH (~$9.6 million); Sei positions increased to 8,000,395 (+2,000,000 compared to this morning). Unexecuted PnL: Sui -$15,000, ETH -$38,000, Sei +$12,000.

MAIN CONTENT
  • Sui Longing 1.47 million, approximately $2.28 million USD.
  • ETH Longing at 3,000, approximately $9.6 million USD.
  • Sei Longing 8,000,395 (+2,000,000), PnL: -15,000; -38,000; +12,000 USD.

Current position and PnL

Sui: 1.47 million (-$15,000). ETH: 3,000 (-$38,000). Sei: 8,000,395 (+$12,000).

Estimated size: Sui ~$2.28 million; ETH ~$9.6 million. Total new long positions: ~$11.88 million (excluding Sei). Current unrealized PnL: Sui approximately -0.66% of estimated size, ETH approximately -0.40%.

The temporary cumulative PnL is approximately -41,000 USD, indicating that the price fluctuation after opening the position is small compared to the total size. The data, recorded in the last hour of December 11th, implies that the positions were entered near the current market price.

Evolution of Sei position

Sei increased by 2,000,000 to 8,000,395, PnL not yet executed +12,000 USD.

The increase in Sei positions during the day indicates a tendency to raise the stake in this asset. The unrealized profit is modest compared to the position size, suggesting that the price movement of Sei after the entry point is not yet significant. There is no information on leverage or liquidation levels; short-term price/volume fluctuations need to be monitored.

Overview: Whales are concentrating long positions on Sui and ETH (large scale) along with expanding Sei (high volume). The relatively small PnL figures compared to the deployed Capital suggest that there is still significant room for volatility; risk/reward depends on the next direction of Sui, ETH, and Sei in the coming sessions.

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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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