Matrixport-linked whale's ETH long position is showing a floating loss of $33.86 million, and it has opened a new long position of 500 BTC.

CoinFeed reported on May 28 that, according to Lookonchain monitoring, a Matrixport-affiliated whale holding a long position of 120,000 ETH ($237 million) is currently experiencing a floating loss of $33.86 million. It recently created a new account, deposited 5 million USDC, and opened a long position of 500 BTC ($36.5 million) with 20x leverage.