BlockBeats News, August 20, according to TradingBeats (formerly Hyperinsight) monitoring, addresses related to the "ETH bull" have shown an extremely precise trading pattern on ETH, with a historical completed trade win rate of 100%. Looking back at its trading history, this whale began positioning as early as August 7, longing 10,000 ETH at an average price of $1,913.23 and taking a profit of $193,300 before slightly reducing the position. Subsequently, the position has not seen significant changes.

The real show began on the evening of August 19. The whale opened a long position of 25,000 ETH at an average price of $1,919.68 at 9:12 p.m. yesterday, following a similar strategy from early August. After a small profit-taking, the whale quickly reduced nearly 50% of the position. Then, at 10:06 p.m., the whale added a long position of 5,206.61 ETH at an average price of $1,933.07, showing precise long and short switches within an hour.

Currently, the whale still holds a firm long position of $57.57 million worth of ETH with a 20x leverage, with a comprehensive average position price of $2,070.87. Benefiting from the ETH price rise to $2,281.80, the unrealized profit of this position has reached approximately $5.4 million. The liquidation price of this position is anchored at $1,589.43, providing over 30% buffer zone from the current price. However, it is important to note that due to the positive funding rate of the ETH perpetual contract, the whale needs to pay daily funding fees for the long position, so its previous rapid profit-taking behavior may be preparing to pay the funding rate.

Address: 0xde8d9e530b0528ffa7b1190f862536c055dd9524

In addition, another previously inactive address attracted market attention by completing a large purchase shortly before the market surged. At 8:52 p.m. last night, an address starting with "0xedc" made a one-time purchase of 20,000 ETH at an average price of $1,936, with a transaction volume of approximately $38.72 million and not as a partial trial position. This address was activated only at 7:34 p.m. yesterday and received about 20.03 million USDC in three transactions from the same source address within about two minutes. About 1 hour and 18 minutes after the funds arrived, it established the aforementioned ETH long position, just about 1 hour before the ETH rally started.

Currently, this address holds 4x leverage on a full position of 20,000 ETH, with the position value of approximately $45.28 million, a profit of about $6.558 million, a return of about 67.7%, and a liquidation price of $986.3. ETH is also its only current contract position, and there are currently no signs of public profit-taking or limit orders.

Address: 0xedcdcaa1f18350c50c10bef860e64daa9785d05a

According to TradingBeats' investigation, there is currently no clear record of fund transfers involving these two addresses. However, the source of their funds, the reason for making a heavy one-time investment at this particular juncture, and whether they will start cashing out profits in the future are still unknown. TradingBeats will continue to monitor the situation.