According to on-chain analyst Ember (@EmberCN), a large whale opened a 20,000 ETH long position at $2,003 on March 9, worth $40.9 million, and closed it at $2,045 early on March 11, realizing a profit of $850,000. The whale currently still holds a 600 BTC long position (worth $42 million) and 10,158 ETH spot purchased on March 10 (worth $21 million).
Whale closes 20,000 ETH long position for $850,000 profit, holds 600 BTC and 10,158 ETH
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Summary
On March 11, a whale closed a 20,000 ETH long position at $2,045, locking in an $850,000 profit after opening the position on March 9 at $2,003. The trade carried a $40.9 million exposure. The whale still holds 600 BTC (worth $42 million) and 10,158 ETH (worth $21 million), purchased on March 10. Position sizing appears to be a core element of the whale’s strategy, featuring large yet carefully managed exposures in both BTC and ETH.
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