ChainCatcher reported, citing on-chain watcher Ai Yi, that a bit-linked entity which previously made about $55.095 million from an ETH long appears to be setting up a second bullish position. A new address tied to the entity received $10 million in USDC as margin yesterday and then opened a long of 6,000 ETH. The position was valued at about $14.98 million, with an average entry price near $2,492. Based on the entity’s earlier trading pattern, Ai Yi suggested the current position may only be the first entry, with room for additional buying later. The report frames the move as a suspected new round of long positioning rather than a confirmed full allocation.
According to ChainCatcher, on-chain tracker Ai Yi said a bit-linked entity that previously made about $55.095 million on an ETH long appears to have started building a second round of long exposure.
Tracking data showed that a new address associated with the entity received $10 million in USDC as margin yesterday. It then opened a 6,000 ETH long position valued at about $14.98 million, with an average entry price of roughly $2,492.
Based on the entity’s earlier trading pattern, the current position may only be an initial entry, with additional position increases possibly to follow.
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