BlockBeats news, February 27 — According to Coinbob’s popular address monitoring, after experiencing a liquidation in the previous round, the address has initiated a new round of ETH long positions. Recently, approximately $250,000 was deposited into this address to establish an ETH long position, which was then gradually increased to $13.5 million over three days through rolling over positions.
Currently, it holds a 25x leveraged ETH long position with an average entry price of $1,945, with an unrealized profit of about $320,000 (60%), and a liquidation price of approximately $1,938, with about 2.4% margin.
Reviewing recent transactions of this address, it often uses tens of thousands of dollars to build positions, continuously increasing the size and average price through rolling over. However, multiple attempts have been liquidated due to high average prices and market pullbacks. After liquidation, the address deposits funds again and restarts the long position cycle, possibly aiming for a significant rebound or the start of a bull market.
Since October last year, over the past five months, this address has attempted to go long on various cryptocurrencies 162 times, including 18 times on ETH, with a total net deposit of about $15.68 million into Hyperliquid. Almost every deposit ultimately ended in a loss.
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