Crypto Wallet Closes 1,150 Bitcoin and 95,000 Ethereum Long Positions

According to Onchain Lens, Matrixport-linked wallets exited 1,150 BTC longs and 95,000 ETH longs for $48.19 million in profit, while one wallet still holds a 25,000 ETH 20x leveraged long.

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Summary

According to Onchain Lens, Matrixport-linked wallets closed 1,150 Bitcoin long positions and 95,000 Ethereum long positions on April 15, realizing $48.19 million in profit. The new report revises the earlier account that cited about 1,500 BTC longs and roughly $50.42 million in profit. One wallet reportedly still holds a 25,000 ETH long position using 20x leverage, with about $8.1 million in unrealized profit.

Terms & Concepts
  • Long position: A trade designed to profit from a rise in an asset’s price; in crypto, these positions are often used in futures or margin trading.
  • Ethereum: A blockchain network with native token ETH, widely used for smart contracts and decentralized applications.
  • Bitcoin: The largest cryptocurrency by market capitalization, often used as a reference asset across the digital currency market.