BlockBeats report, February 27: According to Coinbob's Popular Address Monitoring, after the previous liquidation, this address has initiated a new round of ETH long positions. The address recently deposited approximately $250,000 to establish an ETH long position, and over three days, gradually increased its position size to $13.5 million through continuous rollovers.
It currently holds a 25x leveraged long position in ETH with an average entry price of $1,945, an unrealized profit of approximately $320,000 (60%), a liquidation price of around $1,938, and a liquidation risk of about 2.4%.
Reviewing recent transactions from this address, it frequently opens positions with hundreds of thousands of dollars, gradually increasing its position size and average entry price through rollovers. However, multiple attempts have resulted in liquidation due to excessively high average prices and market pullbacks. After each liquidation, the address deposits additional funds and restarts the same long strategy, possibly aiming to capitalize on a major rebound or the onset of a bull market.
Since last October, this address has attempted to go long on various cryptocurrencies 162 times over nearly five months, including 18 long positions on ETH, with a net deposit of approximately $15.68 million into Hyperliquid. Almost every fund transfer ultimately resulted in a loss.