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An address started a 125,000 U principal roll-up long position on ETH in April, with unrealized gains peaking at $43 million.
BlockBeats News, August 16th, according to on-chain data analyst Yujin Monitoring, a trader started longing ETH with only 125,000 USDT in April this year, and the current asset size has reached 25 million US dollars.
In April, he withdrew 125,000 USDC from 2 addresses to start longing ETH on Hyperliquid through ChangeNOW and Kucoin. The price of the first ETH long position was $1,490, at the lowest point of the year.
After he started longing ETH, ETH has been rising all the way. He continued to add to his position through continuous unrealized gains, rolling the position from the initial few hundred ETH to the current 66,000 ETH position, with a position value of 300 million US dollars. The latest additional position was yesterday at 9 a.m.
Currently, the address has an unrealized gain of 24.78 million US dollars. Two days ago, when ETH reached a high of $4,788, the unrealized gain even reached 43 million US dollars. The current position of his 2 addresses is as follows:
· 10x Long 44,916 ETH, position value 200 million US dollars, opening price $4,067, liquidation price $4,200, unrealized gain $17 million.
· 10x Long 21,832 ETH, position value 100 million US dollars, opening price $4,093, liquidation price $4,198, unrealized gain $7.8 million.
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