According to the latest onchain monitoring data, a seasoned crypto investor made another significant move on January 23, depositing 250,000 USDC into a major exchange to boost their Ethereum long position.
This latest action continues the investor's bullish strategy with continued use of 25x leverage. The total value of the position now stands at $12.11 million, holding 4,100 ETH in aggregate.
Position Breakdown
- Average entry price: $2,944.95
- Unrealized profit: $73,000
- Estimated liquidation price: $2,888.40
Notably, despite increased ETH price volatility, the position remains well-capitalized, demonstrating the investor's strong conviction in the market outlook.