The third-largest long address on a certain platform, $ETH , 0x77d…ae0e9, is sitting on an unrealized loss of $9.493 million, yet is still holding a position worth over $97 million. The loss of nearly $10 million accounts for less than a tenth of the total position, indicating a very large core holding. Some believe this long whale is using its size to support the market, but leaving such a large position open makes it an easy liquidity target when the market moves against it.

#ETH #Contract Positions