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A trading expert goes long on ETH for $125,000 with unrealized gains of $25 million over 4 months.
[Block Rhythm] On August 16, according to on-chain data analysts, a certain trader started rollover with only 125,000 U to go long ETH in April this year, and the asset scale has now reached 25 million dollars.
In April, he transferred 125,000 USDC from a certain platform and a certain trading platform to another platform to go long on ETH using 2 addresses. The price of the first long position of ETH was $1,490, at the lowest point of the year.
Since he started to go long on ETH, ETH has been rising all the way. He has been continuously increasing his position by rolling over profits, expanding his holdings from a few hundred ETH at the beginning to now 66,000 ETH, with a position value of 300 million USD. The most recent increase in position was at 9 AM yesterday.
Currently, the address has an unrealized profit of 24.78 million USD. The day before yesterday, when ETH peaked at 4,788 USD, the unrealized profit even reached 43 million USD. The position status of its 2 addresses is as follows:
· 10x go long 44916 ETH, position value 200 million USD, opening price 4067 USD, liquidation price 4200 USD, floating profit 17 million USD. · 10x go long 21832 ETH, position value 100 million USD, opening price 4093 USD, liquidation price 4198 USD, floating profit 7.8 million USD.