An address bought the dip on Ethereum in the $3,660 to $3,710 range, opened a 2x long position, and is currently floating a profit of $22,000.

According to ChainCatcher, on-chain analyst Ai Yi (@ai 9684xtpa) has monitored that an address with limit orders in the $3,660-$3,710 range successfully purchased $2 million worth of Ethereum and opened a 2x long position on ETH. The current position holds 539.81 ETH, with an entry price of $3,704.99 and an unrealized profit of $22,000.

This address then further lowered its limit order range, placing $8 million worth of orders in the $3,620-$3,690 range.