Major ETH Holder Adds $736M Position After Month-Long Pause

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A major Ethereum holder, known as the "1011 Flash Crash Short Seller," has resumed position trading with a purchase of 20,000 ETH. The long ETH position now totals 223,340 tokens, valued at $736 million. This move reflects careful position sizing, with a floating profit of $29.46 million. The investor had paused activity for a month prior to this latest addition.

According to a January 17 report by PANews, on-chain analyst "Ai Yi" has detected that the "insider big player who shorted after the 1011 ETH crash" has once again increased their long ETH position after a one-month hiatus. Nine hours ago, the trader added 20,000 ETH, bringing their total single-coin position to 223,340 ETH, valued at $736 million. This move has generated a floating profit of $29.46 million on this position, with an overall floating profit of $40.93 million across all positions.

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