BlockBeats news, on March 3, according to LookonChain monitoring, a large whale address associated with Matrixport, while holding a long position of 120,000 ETH worth $241 million, opened a new 20x leveraged long position of 400 BTC, valued at approximately $27.3 million.
Matrixport-linked whale opens 20x BTC long position amid 120,000 ETH holdings
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Summary
On March 3, 2026, a whale address linked to Matrixport opened a 20x leveraged long position of 400 BTC, valued at $27.3 million. The same address holds a 120,000 ETH position worth $241 million. This move underscores strategic position sizing in trend trading. Lookonchain monitored the activity, revealing a focus on leveraged exposure alongside substantial ETH holdings.
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