The whale address 0xa523 continues to increase its long position in ETH, holding 86,845 ETH, equivalent to about 297.7 million USD.
According to Lookonchain's monitoring data on August 28, this position has a liquidation price of about 4,342.8 USD, indicating risks for the long position if the ETH price drops significantly.
MAIN CONTENT
0xa523 holds 86,845 ETH, valued at ~297.7 million USD.
The liquidation price of the long position is reported at approximately 4,342.8 USD.
Data monitored by Lookonchain recorded on August 28.
How much ETH is address 0xa523 holding and what is its estimated value?
According to Lookonchain on August 28, the address 0xa523 is holding a total of 86,845 ETH, equivalent to about 297.7 million USD.
This figure indicates a personal or fund position with significant weight in the ETH market, which could affect liquidity if there are large trades. Monitoring balance changes helps assess whale buying and selling movements.
What is the liquidation price of this long position and what does it mean?
The liquidation price of the position is recorded at approximately 4,342.8 USD according to monitoring data.
The liquidation price is the price at which a leveraged trade may be forcibly closed to avoid further losses. If the ETH price drops near this level, mass liquidations could occur, causing strong market volatility.
How can the whale's action to increase its long position impact the market?
The fact that a large address continues to increase its long position can affect investor sentiment and short-term liquidity.
If the whale buys more, this move could create upward pressure, supporting short-term prices; conversely, if they sell off to take profits, large volumes could exert downward pressure. Investors should combine on-chain monitoring and technical analysis before making decisions.
What is the source of data and reliability of this information?
The information is extracted from Lookonchain's on-chain monitoring data recorded on August 28.
Lookonchain specializes in monitoring on-chain wallet and smart contract activities, providing data to analyze whale behavior; however, it is important to cross-reference with multiple sources and market context for a comprehensive evaluation.
FREQUENTLY ASKED QUESTIONS
1. How to verify the on-chain wallet balance like 0xa523?
Access reputable on-chain monitoring tools like Lookonchain, enter the wallet address to view transaction history and current balance; it is advisable to cross-check multiple sources before concluding.
2. What factors is the liquidation price based on?
The liquidation price depends on the leverage level, opening price of the position, and fees on the trading platform; each exchange has its own formula, so it's necessary to check the specific platform parameters.
3. Should news about whales influence personal trading decisions?
Whale information is an important indicator but should not be the sole factor; combine on-chain analysis, technical analysis, and risk management to make decisions.
4. How to track whale position fluctuations over time?
Utilize on-chain monitoring platforms and alerts, keep a history of balance changes, and combine trading volume analysis to identify long-term trends.
Source: https://tintucbitcoin.com/vi-0xa523-nam-giu-86-800-eth/
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