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Wu said that, according to Lookonchain monitoring, thanks to the market rally, a suspected whale related to Matrixport is holding 120,000 ETH (about $283.5 million) and 700 BTC (about $52 million) long positions, with unrealized profits exceeding $36 million. On-chain records show that this whale previously engaged in precise swing trading: it closed 40,000 ETH long positions at $2,354, making a profit of $14.47 million, and then re-established the same 40,000 ETH long positions at $2,266.