Ethereum Whale Reopens 44,000 ETH Long Position Worth $100 Million

According to Hyperinsight, a BIT-linked whale opened roughly 44,000 ETH in long positions at an average entry of $2,289, with one address taking a small profit while another remained significantly exposed.

ETH

Summary

According to Hyperinsight on April 20, a BIT-linked whale opened about 44,000 ETH in long positions worth roughly $101 million over a three-hour period at an average entry price of $2,289. The update adds address-level position details: one address partially closed longs at $2,291, realizing about $120,000 in profit, while another continued to hold around $91 million in long exposure with an unrealized loss of about $480,000. This expands on earlier reports that the whale had reopened a large Ethereum long after a recent pullback.

Terms & Concepts
  • Long positions: Trades structured to profit if the price of an asset rises above the trader’s entry level.
  • Whale: A crypto market participant with holdings or positions large enough to materially affect market activity.
  • Entry price: The average price at which a trader initiates a position, used to measure profit or loss.