Whale's Long Position in Commodities Generates $2.2M Profit, Nasdaq and Copper Holdings Total $40M

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A whale under the address "Respected Institutional Trader" (0x894...) has enhanced its take-profit strategy, with floating gains rising to $2.2 million. Total holdings now amount to $49.2 million, led by copper futures, which added $1.1 million in profit overnight. Key positions include 10x XYZ100 (Nasdaq 100 Index) valued at $21.12 million, 10x COPPER at $18.97 million, and 10x MU at $2.66 million. The trader is focusing on Nasdaq and copper, with nearly $40 million positioned in support and resistance zones.

BlockBeats News, January 29, according to... Coinbob Hot Address Monitoring Affected by the rising price of the precious metal copper, the "Noble Blocktrader" address (0x894...) has seen its unrealized profit expand to $2.2 million today, with a total position size reaching $49.2 million. The main source of profit today came from copper futures contracts, with the unrealized profit increasing by approximately $1.1 million compared to yesterday. Some of the current major positions are as follows:


10x XYZ100 (Nasdaq 100 Index): Position size is approximately USD 21.12 million, average price is USD 25,443.47, liquidation price is USD 23,421, and floating profit is approximately USD 530,000 (20%).


10x COPPER (Copper Futures Mapping Contract): Position size is approximately $18.97 million, average price is $5.91, liquidation price is $5.50, floating profit is approximately $1.22 million (44%).


5x PLTR (Palantir Technologies): Position size is approximately $2.87 million, average price of $165.47, liquidation price of $152, floating loss of about $2.36 million (-138%).


10x MU (Micron Technology): Position size is approximately $2.66 million, average price of $343, liquidation price of $325, floating profit of approximately $600,000 (74%).


The trader focuses on trading U.S. stocks and on-chain precious metals. Previously, they were the largest bull for on-chain gold, but have now closed their positions to take profits. Their current strategy centers on heavily weighting the Nasdaq index and copper prices, with a position size of nearly $40 million.

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