Whale Address 0x50b3 Adds $6.48M in BTC to Average Down Long Position, Opens $1.09M ETH Long

Whale address 0x50b3 added 65.72 BTC worth about $6.48M to its long position on Jan. 15, lowering its average entry price from $96,981.90 to $96,917.50, HyperInsight data show. The address holds a total BTC long position of around $59.99M with an unrealized loss of roughly $411,700. The whale also opened a new ETH long position, purchasing 329.26 ETH at an average price of about $3,303.32 per token for a position size near $1.09M.