TechFlow, on September 2, according to on-chain analytics platform Lookonchain (@lookonchain), a whale address 0xa523 has accumulated over $30 million in losses from Ethereum long positions over the past week.
The address has been consistently opening long positions at higher prices and closing them at lower levels. Data shows that within the past 5 hours, it closed out 41,931 ETH (approximately $179.4 million) of long positions, incurring a loss of about $10 million in this trade. The address currently still holds long positions of 36,578 ETH (approximately $160 million).
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