A wallet associated with Matrixport closed a substantial long position in 40,000 ETH ($94.16 million), realizing profits of $14.47 million, according to on-chain analysis platform LookOnChain. The entity remains heavily exposed to the market with ongoing long positions totaling 80,000 ETH ($188.4 million) and 700 BTC ($52.86 million), which currently carry unrealized gains of $33.1 million.
Meanwhile, the wallet pension-usdt.eth—historically one of the most successful traders with an 85% win rate and cumulative profits exceeding $27 million—is now underwater on its positions. The account opened short positions totaling 1,000 BTC ($75.52 million) and 10,000 ETH ($23.56 million) and has already lost more than $10 million as markets rallied against the bearish bets.
Trader 0x58bro has experienced multiple liquidations on short positions during the recent market surge but continues to bet against the rally by depositing 7.81 million USDC into Hyperliquid to increase Bitcoin and Ethereum shorts. Despite recent losses, the trader's lifetime profit remains substantial at approximately $32.8 million, suggesting a longer-term contrarian positioning strategy amid current market momentum.