Insider traders are suspected of increasing their Longing positions in Ethereum following the November 10th flash crash, currently holding 203,340.64 ETH worth approximately $578 million.
Tracking data shows this wallet opened a Longing at an Medium price of $3,147.39 and is currently experiencing significant floating losses, as the total value of the position far exceeds the amount of ETH it holds.
- The wallet is labeled as a Longing Ethereum wallet by an insider trader.
- Currently holding 203,340.64 ETH, worth approximately $578 million.
- The floating loss recorded $61 million; the total floating loss was $69.42 million.
The current Ethereum position of the wallet is suspected to belong to an insider trader.
This wallet currently holds 203,340.64 ETH, with a total value of approximately $578 million, based on an Medium opening price of $3,147.39.
According to monitoring data, this account was previously described as an insider who opened Short positions after the 1011 flash crash and is now increasing its Longing in Ethereum. This increase in Longing is occurring despite the account recording significant floating losses.
The figures released include: 203,340.64 ETH, valued at approximately $578 million, and an Medium opening price of $3,147.39. These are key data points for monitoring the risk and performance of a position in the face of Ethereum price fluctuations.
Floating hole and total position size
The account currently has a floating loss of $61 million; the total value of the position is approximately $697 million, and the total floating loss is $69.42 million.
The difference between the value of ETH held (approximately $578 million) and the total value of the position (approximately $697 million) indicates a larger market exposure than the net ETH amount, making the floating loss significant when the price fluctuates.
The indicators cited include: a floating loss of $61 million, a total position value of approximately $697 million, and a total floating loss of $69.42 million. Cryptocurrency investors often monitor these milestones to estimate liquidation pressure and sensitivity to short-term volatility.
