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# Large On-Chain Position Building
On March 19, an entity suspected to be the same buyer spent approximately $112 million to purchase over 50,000 ETH. This address had shown no significant activity for approximately one year prior—breaking the selling trend, with the market interpreting this as major capital repositioning. During the same period, a Matrixport-associated address also added 20,000 ETH to its long positions, bringing total holdings to approximately $203 million.