'Prestigious Block Trader' Whale Goes Long on Commodities with Unrealized Gains Reaching $2.2 Million, Nasdaq and Copper Positions Total $40 Million

BlockBeats news, January 29, according to Coinbob's popular address monitoring, driven by the rise in copper prices, the 'Prestigious Block Trader' address (0x894...) has seen its unrealized gains expand to $2.2 million today, with total positions reaching $49.2 million. Today's primary profits come from copper futures contracts, with unrealized gains increasing by approximately $1.1 million compared to yesterday. Current key position details are as follows: 10x XYZ100 (Nasdaq 100 Index): Position size approximately $21.12 million, average price $25,443.47, liquidation price $23,421, unrealized gains approximately $530,000 (20%). 10x COPPER (Copper Futures Mapping Contract): Position size approximately $18.97 million, average price $5.91, liquidation price $5.5, unrealized gains approximately $1.22 million (44%). 5x PLTR (Palantir Technologies): Position size approximately $2.87 million, average price $165.47, liquidation price $152, unrealized losses approximately $2.36 million (-138%). 10x MU (Micron Technology): Position size approximately $2.66 million, average price $343, liquidation price $325, unrealized gains approximately $600,000 (74%). This trader specializes in trading U.S. stocks and on-chain precious metals. Previously, they were the largest on-chain gold bull but have since closed positions to lock in profits. Their strategy focus has shifted to heavy positions in Nasdaq and copper, totaling nearly $40 million.