As Ethereum briefly surged past the $2,200 mark, a major crypto whale emerged with a massive long position. The address, holding 120,000 ETH, has now unlocked approximately $25.97 million in unrealized gains, drawing sharp attention from market watchers.
Winning Bets Across Major Assets
The data reveals a well-diversified bullish strategy, extending beyond Ethereum into Bitcoin:
- ETH Long: 120,000 tokens held, valued at $262 million, with $22.58 million in unrealized profit;
- BTC Long: 700 coins held, worth $51.28 million, generating $3.39 million in gains.
This coordinated positioning reflects strong conviction in leading digital assets. As sentiment improves, this whale’s moves could influence broader market momentum in the weeks ahead.