A certain weekly chart trader entered a long position on ETH, opening a $16.34 million long position.

BlockBeats News, April 23rd, according to Hyperinsight Monitoring, in the past 1 hour, a whale with address starting with 0xa875 opened a 20x leveraged ETH long position, with a scale of 7,000 ETH, equivalent to $16.34 million, at an average price of $2,350. Currently, the position is at a floating loss of $100,000 (-13%).

It is reported that this address had previously opened a BTC long position. After holding for nearly 34 days, it was closed on April 14th, realizing a final profit of $1.92 million. Since then, the address has remained in a sidelined observation state.

Address: 0xa875890465da20062bcf3b024bf7d54e69c725a8