Ethereum Trader Holds 4,575 ETH Long With $580K Floating Profit, Reopens 2,100 ETH Long After $2,900 Dip
ETH/USDT
$37,939,871,804.04
$2,293.99 / $2,068.20
Change: $225.79 (10.92%)
+0.0040%
Longs pay
According to HyperInsight, the cryptocurrency market extended gains on December 8, with Ethereum (ETH) activity drawing attention. A trader nicknamed “buddy” on COINOTAG holds a substantial ETH long exposure totaling 4,575 ETH. After ongoing position rolling, the position shows a floating profit exceeding $580,000. The entry price averages $3,046.75, while the liquidation price sits near $3,047.52, signaling a tight risk margin in the current setup.
COINOTAG noted that ETH dipped to $2,900, prompting the trader to close all long positions and realize a loss around $738,000. The narrative then shifted as the trader reopened a long with 2,100 ETH, valued at roughly $6.18 million at prevailing prices.
These movements illustrate risk management dynamics in the crypto market, where disciplined sizing, monitoring of leverage, and awareness of liquidity and volatility are essential for investors tracking Ethereum and related assets.