The Largest ETH Long Squeeze through Three Addresses Coordinating to Open Positions, Overnight Doubling the Long Position to $144 Million

BlockBeats News, April 29, according to Hyperinsight monitoring, on-chain data shows that the largest ETH long whale "BIT Whale" opened a 15x leveraged ETH long position through address (0xa5b) last night, with an average entry price of approximately $2,269. Currently, the long position has a unrealized gain of $570,000 (10%).

It is reported that the whale has dynamically distributed its holdings across three addresses, increasing its ETH position from 28,000 coins (approximately $63.8 million) yesterday to 63,000 coins (approximately $144 million), nearly doubling its position in a single day.

The address is owned by the digital financial service group BIT and has repeatedly received fund transfers from its entities. Previously, it has taken long positions on ETH worth hundreds of millions, with profits exceeding $50 million.

Addresses: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41

Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6

Address: 0xA875890465dA20062bCF3b024Bf7d54E69C725a8