Matrixport-Linked Addresses Show $36.3 Million Unrealized Profit on Crypto Longs
The wallets’ combined holdings reached $335 million, with Ethereum longs opened on Feb. 9-10 and a Bitcoin long added on March 3, according to the provided data.
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Terms & Concepts
Unrealized profit: A paper gain on an open position that has not been sold or closed, so the profit is not yet locked in.
Long position: A trade that profits if the asset price rises, commonly used in crypto markets to express bullish exposure.
Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and its native cryptocurrency, ETH.