ETH Whale Linked to Matrixport Holds $92.5M Unrealized Loss
A 120,000 ETH and 500 BTC position tied to Matrixport is now deep underwater, a reminder that even well-capitalized desks are not immune to a broad market drawdown.
Every Zipp story tagged #Matrixport, newest first.
A 120,000 ETH and 500 BTC position tied to Matrixport is now deep underwater, a reminder that even well-capitalized desks are not immune to a broad market drawdown.
Four wallets now hold 114,160 ETH in leveraged longs, with a 3.6% drawdown on a position that previously banked $59M — a balance-sheet read on conviction versus capitulation.
Crypto financial services firm Matrixport has withdrawn 5,000 ETH — valued at approximately $11.67 million — from…