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Whale closes position on 5,000 ETH, 65 days of operation yields $580,000 profit
【BlockBeats】On January 19th, on-chain monitoring data shows that an active whale address (0x9c89f) has just closed a 65-day position of 5,000 ETH long. This operation yielded substantial gains—an unrealized profit of $581,000, while the current account still maintains a floating profit of $195,000.
Interestingly, this address’s trading style is quite aggressive. Looking at its main position allocations, it primarily uses 10-20x leverage for trading, a typical high-risk, high-reward approach. The closed position is enough to demonstrate its trading judgment—successfully capturing a 65-day market cycle in ETH.
Based on the current account status, this whale has not chosen to exit completely. The unrealized gains are still considerable, indicating that it is still maintaining positions in the market, perhaps reallocating funds in response to market changes. Actions by such large traders are often worth paying attention to, as their position changes can reflect subtle shifts in market sentiment.