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Trader Resumes Bullish Streak with $20.28M in ETH, SUI, and FARTCOIN Longs

Blockchain analyst reports a major whale’s renewed $20.28M long positions in ETH, SUI, and FARTCOIN, signaling heightened bullish sentiment in the crypto market.

ETH
SUI
FARTCOIN

Summary

A major crypto whale has resumed long positions in Ethereum (ETH), Sui (SUI), and FARTCOIN, totaling $20.28 million and yielding an unrealized profit of $188,000, according to blockchain analyst data. The whale’s ETH holdings amount to 3,000 coins valued at $9.39 million, acquired at an average price of $3,116.98 per coin. This activity reflects renewed bullish sentiment in the digital asset market.

Terms & Concepts
  • On-chain analyst: An individual who analyzes blockchain transaction data directly from the network for insights into market behavior.
  • Long position: A trading strategy where an investor buys an asset expecting its price to rise, aiming to sell later at a profit.
  • Unrealized profit: The potential gain from an active position that has not yet been closed or settled.