Crypto Whale Amasses $36M in Unrealized Profits from Ethereum and Bitcoin Longs

A recent analysis of a prominent whale address linked to the cryptocurrency financial services firm BIT (formerly Matrixport) has revealed significant unrealized profits from long positions held in Ethereum (ETH) and Bitcoin (BTC).

The whale address, starting with 0xa5B, is currently holding over $36 million in unrealized profit from its long positions on a substantial amount of ETH ($283.5 million) and BTC ($52 million), according to data provided by Lookonchain.

The address's holdings include a notably large leveraged ETH long position worth $165 million with an average entry price of $2,148.7. This 15x leveraged position has generated substantial gains for the investor.