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Data: A certain whale protects principal and closes out 8.6 million scale ETH long positions at an average closing price of $2,159
ChainCatcher reports that, according to Hyperinsight monitoring, the “30 consecutive failed long attempts” whale has recently closed all of its ETH long positions, exiting near cost basis with an average closing price of $2,159. This closing resulted in a small profit of about $15,000, which just covers the order fees, bringing the total profit for the cycle to $120,000.
This long position was opened on March 20 at an average price of $2,140, with an initial position size of approximately $8.67 million. The address continued to add to the position, pushing the average price above $2,150, with the peak position size reaching $8.67 million.