Matrixport Whales Bet Big on Ethereum with $86 Million Long Position

A large Ethereum holder associated with Matrixport has made a significant bet on ETH's price, according to Onchain Lens monitoring. The whale, which has earned over $59 million in profits, opened a long position of 30,000 ETH at a leverage of 15 times the value. This move was made within the past hour and is valued at $86 million.

The holder now holds a total of 58,000 ETH across three different addresses (0xa5B0...1D41, 0xfd42...3d97, 0x6c85...84f6) with a leverage ranging from 15 to 20 times. The total value of their holdings is $131.82 million.