A whale has been gradually building up its long positions in ETH, with current holdings totaling approximately $25.6 million.

According to Mars Finance, on January 14th, Hyperinsight monitoring showed that in the past two hours, a whale(addressing address 0x50b) added to its ETH long position through four consecutive transactions, accumulating approximately 7,708.58 ETH. Its current 14x cross margin ETH long position is worth approximately $25.648 million. The average entry price for this position was approximately $3,333.64, and at the current mark price of approximately $3,327.3, it is currently experiencing a floating loss of approximately $49,700 (-2.71%), with a liquidation price of $2,770.53. Previously, this address had briefly shorted BTC, becoming the largest short seller of BTC on-chain.