[BlockBeats] On-chain data from December 10 shows that several large ETH long holders are finally seeing positive numbers today—some have turned losses into gains, while others continue to increase their profits. However, major HYPE long whales are still struggling underwater, but it looks like Machi Big Brother Jeffrey Huang may be about to end his recent losing streak.
Starting with Jeffrey Huang: his ETH position is around $33.86 million, currently up $1.06 million on paper (a 78% unrealized gain), with a cost basis of $3,178 and a liquidation price of $3,211. Over the past 4 hours, he trimmed his position slightly, closing $330,000 worth of longs. During the early morning hours, he aggressively increased his position, adding 5,188 ETH in one go, investing $17.12 million. Judging by this, his previous four consecutive losses might be coming to an end.
That “CZ’s counterparty” is even more impressive: their ETH long position has flipped from a loss to a profit, with an unrealized gain of $5.3 million and a position size of $172 million. Their cost basis is $3,201, and this position has been held for