According to Mars Finance, on January 14th, Hyperinsight monitoring showed that in the past two hours, a whale(addressing address 0x50b) added to its ETH long position through four consecutive transactions, accumulating approximately 7,708.58 ETH. Its current 14x cross margin ETH long position is worth approximately $25.648 million. The average entry price for this position was approximately $3,333.64, and at the current mark price of approximately $3,327.3, it is currently experiencing a floating loss of approximately $49,700 (-2.71%), with a liquidation price of $2,770.53. Previously, this address had briefly shorted BTC, becoming the largest short seller of BTC on-chain.
A whale has been gradually building up its long positions in ETH, with current holdings totaling approximately $25.6 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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