Whale Opens 100,000 ETH Long Positions Worth Over $200M After Moving USDC From Tron

A whale or institutional trader opened long positions totaling 100,000 ETH worth over $200 million after moving 85.71 million USDC from Tron, onchain analyst Yujin reports. From address 0xa5B0...1D41, the entity deployed 55 million USDC to open a 60,000 ETH long position sized at $120 million, with an entry price of $2,060 and liquidation at $1,329. From address 0x6C85...84F6, it used 30.71 million USDC to open a 40,000 ETH long position valued at $80.54 million, with an entry price of $2,039 and liquidation at $1,299.