According to the monitoring of on-chain analyst Ai Auntie (@ai_9684xtpa), the whale address, which previously suffered losses due to “circular long positions of 8,613 ETH”, took action again two hours ago and purchased an additional 1,341 ETH. Calculated at the current price, it is worth approximately 3.52 million US dollars. Data shows that this address has cumulatively purchased 5,002 ETH on the chain in the past five days, with a total value of approximately 13.05 million US dollars, and the average holding cost is 2,580 US dollars per ETH.
It is worth noting that the whale has currently deposited all the ETH it holds into the decentralized lending protocol Aave and lent out a portion of USDT as margin. This operation may be aimed at further enhancing the utilization rate of funds through collateral lending or hedging market risks.
Looking back at historical operations, this address accumulated a large amount of ETH positions through a circular long strategy on May 16th, but subsequently suffered losses due to market fluctuations. This continuous increase in holdings once again indicates that it may still hold an optimistic attitude towards the medium and long-term trend of ETH, or is attempting to spread out costs by building positions in batches. However, against the backdrop of the current high market volatility, high-leverage operations still face considerable risks.
Real-time tracking of on-chain data shows that the movements of the giants in the crypto market are becoming one of the important reference indicators of market sentiment. This increase in holdings has sparked intense discussions in the community about the short-term trend of ETH. Some analyses suggest that the continuous buying by the whales may provide liquidity support for the market, while others warn of the need to be vigilant against the possible chain reactions triggered by highly leveraged positions.
As of the time of publication, the price of ETH is temporarily reported at around $2,600. The overall floating profit/floating loss status of this whale’s holdings needs to be further calculated in combination with its historical transaction costs and the current market price. Market participants are generally concerned about whether subsequent operations at this address will have a substantive impact on the market.
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