BlockBeats News, February 9th, according to HyperInsight monitoring, an on-chain ETH whale (0xa5b…) closed its long position held for about two months today, ultimately recording a loss of about $9.63 million. The position was established at the end of last year with a holding size of about 60,040 ETH, a peak value of about $125 million, and an average price of about $2500.
During the holding period, despite multiple attempts to dollar-cost average, the address still experienced a floating loss of over $24 million on February 6th, approaching the liquidation line. With the recent market rebound, the whale chose to temporarily close the position to stop the loss.
After closing the position, the address re-entered the market, opening a new ETH short position at an average price of around $2086 with 15x leverage, with a current holding size of about $28.6 million. As of the time of publication, it is still gradually increasing its position, with remaining collateral in the account of about $34.8 million.
