Gate News bot message, a notable whale trader identified as 0xa523 closed a substantial ETH long position of 41,931 ETH ($179.4M) at a loss of $10M. The trader maintains another active long position of 36,578 ETH ($160M).
The trader's recent trading activities show a pattern of opening long positions at market highs. According to Lookonchain, the whale added 20,800 ETH ($92.8M) to long positions at price points of $4,470 and $4,450, with a take-profit target at $5,300 and liquidation price at $4,297.67.
The total accumulated losses for the trader have exceeded $30M within a week's timeframe.
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Whale Trader 0xa523 Faces $30M+ Loss on ETH Long Positions
Gate News bot message, a notable whale trader identified as 0xa523 closed a substantial ETH long position of 41,931 ETH ($179.4M) at a loss of $10M. The trader maintains another active long position of 36,578 ETH ($160M).
The trader's recent trading activities show a pattern of opening long positions at market highs. According to Lookonchain, the whale added 20,800 ETH ($92.8M) to long positions at price points of $4,470 and $4,450, with a take-profit target at $5,300 and liquidation price at $4,297.67.
The total accumulated losses for the trader have exceeded $30M within a week's timeframe.