After 30 unsuccessful long attempts, a whale persistently increases their ETH spot holdings by approximately $6.4 million, while simultaneously opening long positions in futures contracts.

According to ChainCatcher, as monitored by HyperInsight, in the past 3 hours, the “persistent long whale” (0x8d0), who has made over 30 unsuccessful long attempts, continued to accumulate ETH spot at around $3,115 and opened 20x leveraged ETH long positions. The spot ETH holdings have reached 2,004 ETH, worth approximately $6.24 million; the ETH long position size is also about $6.24 million, with an average price of $3,125. Additionally, this address increased its BTC spot holdings by 66.13 BTC early this morning, worth about $6.01 million. Currently, all the ETH and BTC spot holdings have been transferred out cross-chain. Since October 11, this address has frequently gone long on multiple tokens intraday, making over 30 consecutive long trades as of November 26, resulting in an accumulated loss of about $6 million, though there have been small profits in the past 7 days.