Blockchain Address Sees Long Positions Increase Despite Bitcoin & Ethereum Losses

A blockchain address identified as 0xc2a3 has taken action to bolster its investment in Bitcoin (BTC) and Ethereum (ETH), despite recent losses. As per PANews, the address now holds approximately 1,260 BTC worth $132.5 million and 19,894 ETH valued at $744.4 million. This move follows a previously realized profit of approximately $5.5 million, which has been reversed, resulting in a net loss of about $4.69 million. The address’s unrealized losses exceed $10 million. Despite these setbacks, the address continues to increase its BTC holdings.