Gate News reported that on March 17, a crypto financial institution-affiliated address (0xa5b0...) continued accumulating 6,000 ETH long positions between $2,300 and $2,302 after ETH price pulled back to around $2,300, worth approximately $12.06 million. Following this operation, the total value of its ETH long position rose to $82.95 million, with average position cost increasing from $1,991 to $2,043. At current ETH price of $2,304, the position has unrealized gains of approximately $9.4 million with a return rate of 169%, with liquidation price set at $1,138. This address has previously received multiple fund transfers from the institution and was previously the largest ETH long holder on-chain. Another suspected affiliated address (0x6C8...) similarly holds nearly $100 million worth of ETH long positions, frequently employing swing trading strategies with transaction volumes exceeding $100 million, engaging in high-sell-low-buy operations.

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WaitPatientlyForTheR

· 8h ago

Gate News reported that on March 17, a crypto financial institution-affiliated address (0xa5b0...) continued accumulating 6,000 ETH long positions between $2,300 and $2,302 after ETH price pulled back to around $2,300, worth approximately $12.06 million. Following this operation, the total value of its ETH long position rose to $82.95 million, with average position cost increasing from $1,991 to $2,043. At current ETH price of $2,304, the position has unrealized gains of approximately $9.4 million with a return rate of 169%, with liquidation price set at $1,138. This address has previously received multiple fund transfers from the institution and was previously the largest ETH long holder on-chain. Another suspected affiliated address (0x6C8...) similarly holds nearly $100 million worth of ETH long positions, frequently employing swing trading strategies with transaction volumes exceeding $100 million, engaging in high-sell-low-buy operations.

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