Gate News reports that on March 17, a related address of a certain crypto financial institution (0xa5b0…) continued to increase its long position by 6,000 ETH at a price range of $2,300 to $2,302 after ETH price dropped back to around $2,300. The total value of its ETH long positions rose to approximately $82.95 million, with an average entry price increasing from $1,991 to $2,043. Currently, ETH is priced at $2,304, with an unrealized profit of about $9.4 million and a return of 169%, with a liquidation price set at $1,138. This address has received multiple transfers from the institution and was previously the largest on-chain ETH long position. Another suspected related address (0x6C8…) also holds nearly $100 million worth of ETH longs, often engaging in high-volume buy-sell and swing trading strategies.
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