A wallet tracked by on-chain analyst Ember entered a long position on 20,000 ETH at around 9 p.m. when Ether rebounded to $1,936, according to an Odaily report. The position carried a notional value of $38.72 million at entry. After ETH later climbed to $2,300, the address was shown to be holding an unrealized profit of $6.55 million. The report did not disclose the identity of the address. The move was presented as an on-chain trading observation rather than an exchange announcement or official filing.
Odaily reported that, according to monitoring by on-chain analyst Ember, an address went long 20,000 ETH at around 9 p.m. as Ether rebounded to $1,936.
The position had a notional value of $38.72 million. ETH later rose to $2,300, leaving the address with an unrealized profit of $6.55 million.
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