A Matrixport-linked whale is currently facing a floating loss of $33.86 million on its long position of 120,000 ETH, valued at $237 million. According to Lookonchain monitoring, the whale has recently taken strategic steps by creating a new account, depositing 5 million USDC, and opening a long position of 500 BTC, worth $36.5 million, with 20x leverage. This move indicates a significant shift in strategy amid volatile market conditions.
Matrixport Whale Faces $33.86M Loss on ETH, Opens New 500 BTC Long
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