TechFlow, August 23 — According to on-chain data analyst Yujin, as ETH reached a new all-time high, one address turned $740,000 into $6.16 million by continuously rolling long positions in ETH, achieving an unrealized profit of $5.5 million. Through repeatedly reinvesting unrealized profits, the address increased its ETH holdings from 4,000 ETH when first opened yesterday morning to 25,100 ETH, with the position now valued at $120 million. Details:
- Rolled a $1.25 million long ETH position to achieve $43 million in unrealized profit, later closing the position at $6.865 million after significant profit drawdown;
- Re-entered with $6.99 million on a long ETH bet, which dropped to only $780,000 due to losses;
- After withdrawing initial capital, continued rolling long ETH with $740,000 and has now grown it to $6.16 million.
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