Crypto news: On March 19, according to Coinbob’s popular address monitoring, during the night and early morning, the Matrixport related address “ETH Wave Trader” (0xa5b0…) continued to buy in the ETH price retracement below $2,300, maintaining positions between $2,239 and $2,300. It repeatedly rolled over and increased its holdings by adding 20,000 ETH long positions, worth approximately $45.4 million. After this operation, its total ETH long position value rose to $153 million, with the average entry price increasing from $2,043 to $2,148. The position has an unrealized profit of about $3.5 million, with a profit rate of 34%, and a liquidation price set at $1,740. Additionally, it still holds a 20x leveraged BTC long position, valued at around $49.8 million, with an average entry price of $68,420. The total account position size has now increased back to $203 million. This address has received multiple transfers from Matrixport and is currently the largest on-chain ETH long position. There is also a suspected related address (0x6C8…) holding nearly $100 million worth of ETH long positions, known for high-volume trading strategies involving large-scale buy low, sell high, and swing trading.
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