Whale Address Linked to Matrixport Flips 105,000 ETH Position From $10M+ Loss to $1M+ Gain

A whale address reportedly tied to Matrixport holding a long position of 105,000 ETH worth about $215 million has turned an unrealized loss exceeding $10 million into a profit of more than $1 million. The shift reflects changing market conditions for the large Ethereum position.