On-chain ETH Whale Triggers Largest Long Liquidation, Selling 20,000 ETH and Profiting $1.04 Million

BlockBeats News, April 21st, according to Hyperinsight monitoring, last night and this morning, on-chain data showed that the largest ETH long position whale known as "BIT Whale" has sold a total of 20,000 ETH, equivalent to approximately $46.3 million. The position was closed at around $23.14 million, resulting in a profit of approximately $1.04 million.

Currently, the address still holds a long position of 20,000 ETH, worth about $46.1 million, with an average price of $2,287 per ETH. The unrealized profit has narrowed to $400,000 (17%).

It is reported that the digital financial service group Matrixport announced its rebranding as BIT on March 20th, and the whale address has received multiple fund transfers from it.

Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6