Whale Sees Over $60 Million in Unrealized Profits on BTC, ETH, and SOL Positions Amid Rally
A major whale rapidly expanded ETH holdings by 100,000 tokens, boosting its portfolio to $736M and unrealized profits to $32.5M within minutes.
BTC
ETH
SOL
Summary
A prominent cryptocurrency whale significantly increased Ethereum long positions by 100,000 tokens on January 16, raising total holdings to $736 million. The quick acquisition occurred within 10 minutes and contributed to about $32.5 million in unrealized profit from ETH alone. This update follows previous data showing the whale held large leveraged positions in BTC, ETH, and SOL, with overall unrealized profits having recently decreased from $60 million to $51 million due to $6.6 million in funding fees.
Terms & Concepts
- Leveraged long position: A bullish trade that uses borrowed funds to increase exposure to an asset, with potential for amplified gains or losses.