According to a ChainCatcher report, HyperInsight monitoring shows that within the past 30 minutes, a whale with the address starting with "0x717" closed a long ETH position of $6.5 million that it previously held near the price of $3,137. Immediately afterward, the whale quickly opened a new long ETH position at $3,125 with a 20x leverage, with a position size of approximately $3.65 million. Currently, this position has a floating profit of about $2,837.
Whale Closes $6.5M ETH Long Position, Re-Enters with $3.65M 20x Leverage
ChaincatcherShare
Summary
A whale with an address starting with 0x717 recently closed a $6.5 million ETH long position near $3,137. The trader then opened a new 20x leveraged ETH long position at $3,125, with a size of $3.65 million. The position sizing reflects a strategic shift in exposure. The current floating profit on the new position is about $2,837. The move highlights active position trading adjustments amid ETH's recent volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.