On-chain ETH Long Liquidation with 29,000 ETH Take Profit Target Hit, bought back at the intraday low price of $1955

BlockBeats News, February 16th, according to Coinbob Popular Address Monitoring, on-chain data shows that the largest ETH bull whale (0xa5b...) has recently been restructuring its position. Between February 14th and 15th, during a period of relatively stable ETH prices, the whale took profit on nearly half of its long positions, with a liquidation price of around $2100. Its holdings decreased from 60,000 ETH (approximately $126 million) to 31,000 ETH (approximately $65.1 million), resulting in a profit of $1.31 million from this sell-off.

Subsequently, ETH prices continued to decline last night and this morning, dropping about 8.1% from the whale's previous exit price. During this price decrease, the address continued to accumulate, with the lowest buy-in at $1955, and it was still buying more in the last half hour before the report was filed.

Currently, its 15x leveraged ETH long position amounts to around 55,000 ETH (approximately $107 million), with an average entry price reduced from $2048 to $2015. Despite the precise sell-off at the previous peak, as the price fell below its latest average entry price, this position is currently at a unrealized loss of $3.52 million.

The whale had previously established a billion-dollar ETH long position at the end of last year and exited all positions in February of this year, with a similar holding size of around 60,000 ETH. Since then, it has re-entered the market, continuing its trading style of high-volume buying and selling, and swing trading in the billion-dollar range.