BlockBeats News, February 26 — According to Coinbob’s popular address monitoring, the on-chain ETH largest long whale (0xa5b…) currently holds a 15x leveraged ETH long position, with unrealized gains expanding to $5.26 million (53%). Its current holdings are approximately 70,000 ETH, worth about $144 million, with an average entry price of $1,991, making it the largest long position address on Hyperliquid platform.
According to previous trading records, on February 9, this address built a long position of about 60,000 ETH at an average price of $2,086, which was briefly trapped after entry. On February 14, ETH surged to around $2,100, and it decisively reduced nearly half of its position (about 29,000 ETH), locking in a profit of $1.31 million.
Subsequently, the price retreated, and this address did not close the position to cut losses. Over the past 10 days, it gradually replenished nearly half of its previous profit-taking position within the $1,868 to $1,990 range, completing a “buy low, sell high” T+0 trading cycle. After this rebalancing, its average position price dropped from $2,086 to $1,991, lowering the cost basis by nearly $90.
As ETH continued to strengthen today, this address’s position turned profitable again, with profits reaching $6.6 million in the past week.
This whale previously established a multi-hundred-million-dollar ETH long position at the end of last year and fully closed it in February this year, holding about 60,000 ETH. Since then, it has re-entered the market, continuing its style of high-volume buy low, sell high, and swing trading.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Smart Trader Starts Shorting Ethereum and Bitcoin After Generating $34M Profit
Trader 58bro.eth has shifted to shorting Bitcoin and Ethereum after earning $34M with a 91% win rate. The move reflects a bearish outlook amidst market volatility, with current positions totaling over $25M in crypto assets.
BlockChainReporter43m ago
Bitmine advances to the NYSE main board! Tom Lee: U.S. stocks may have hit bottom, and selling pressure on Ether could ease
Bitmine has officially moved from the U.S. segment of the New York Stock Exchange to the main board, marking an important milestone for the company. Although its share price has fallen sharply, it has still increased the share repurchase plan limit to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity1h ago
29,900,000 RLUSD Burned by Ripple on Ethereum in Fresh Treasury Move - U.Today
Ripple USD (RLUSD) has experienced notable fluctuations, with over 29 million tokens burned and 18.9 million minted in the past 24 hours. Future projections suggest stablecoin processing could reach $1.5 quadrillion by 2035, driven by intergenerational wealth transfer and crypto adoption.
UToday2h ago
