A previously dormant address closed a $36 million ETH long position with profit.

BlockBeats news, September 17th, according to TradingBeats monitoring, a long-dormant whale (0x89d) has recently become active again. Since resuming trading in early September, it has completed 6 rounds of trades, achieving a cumulative net profit of approximately $3.839 million; today, it once again closed a long position in ETH worth about $36 million, pocketing approximately $1 million from a single trade.

This address ended several ETH trades with significant losses on February 1st of this year, after which it liquidated and withdrew funds. Starting from the end of August, there was noticeable movement of funds from this address again. On August 29th, September 2nd, and September 4th, cross-account transfers of approximately $9 million, $1.9 million, and $60,800 occurred, respectively, followed by a resumption of high-frequency trading on September 4th.

After re-entering the market, its trading performance reversed. From September 4th to now, this address has completed 6 rounds of trades, with 4 profitable and 2 losing (amounting to $110,000), for a net profit of approximately $3.839 million.

Latest round of ETH trading data:

This address began building a long position in ETH in the early hours of September 16th, accumulating a total of 15,108.3 ETH at an entry price of approximately $2,382.4, with a position size of about $35.995 million.

After holding the position for about 36 hours, it fully closed the position this afternoon at an average exit price of approximately $2,450.6. The price difference between entry and exit was about $68.2, corresponding to a price fluctuation of approximately 2.9%.