On-chain analyst Ai Yi said a monitored address opened a long position of 15,000 ETH after Ether moved back above $2,500. The position is currently valued at about $38 million and uses 20x leverage, with an entry price of $2,529.77.
Ai Yi also said the address has made more than $852,000 in cumulative profit since Aug. 24 by taking long positions in Bitcoin and ETH. The update points to a sizable leveraged bet on Ether at a time when the asset has reclaimed the $2,500 level. No additional information about the owner of the address was disclosed in the source report.
According to Odaily, on-chain analyst Ai Yi said a monitored address opened a 15,000 ETH long after Ether climbed back above $2,500.
The address is now holding a 20x leveraged ETH long valued at $38 million, with an entry price of $2,529.77. Since Aug. 24, the address has posted more than $852,000 in cumulative profit by going long Bitcoin and ETH.
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