On-chain analyst Yu Jin has flagged a whale that is aggressively building an ETH long position, according to a ChainCatcher news flash. Two days ago, the whale opened the trade by purchasing 32,000 ETH at $2,487 per token — a position worth roughly $80 million. It then added another 13,000 ETH, an increase of about 40% over its original stake, lifting total holdings to 45,000 ETH. The enlarged position is valued at approximately $109 million, with the average long entry price settling at $2,486 per ETH. The difference between the first batch price and the average entry is just $1.
The market has since pulled back, and the position has fallen into a floating loss of $3.35 million. Its liquidation price — the level at which the venue would be forced to close the trade — stands at $2,251 per ETH. The details were relayed through on-chain monitoring by Yu Jin and published via ChainCatcher's news flash.
ChainCatcher reports that on-chain analyst Yu Jin has spotted a whale rapidly scaling up an ETH long position. Two days ago, the whale bought 32,000 ETH at $2,487 per token, a position worth about $80 million. It then added another 13,000 ETH, bringing total holdings to 45,000 ETH.
The position is now valued at roughly $109 million, with an average long entry price of $2,486. After the recent market pullback, it sits at a floating loss of $3.35 million. The liquidation price for the position is $2,251 per ETH, the level at which the exchange would force-close the trade.
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