Major Whale Positions Under Pressure
On-chain data reveals one of the largest ETH long positions suffered $47M in unrealized losses this week. The account currently holds $663M worth of ETH longs at an average price of $3,161. Combined with BTC and SOL positions, total portfolio value dropped to $817M from over $900M, representing more than $97M in weekly drawdowns.
Huang Li Cheng Adds to Position Despite Liquidations
The well-known investor re-entered the market with a $100K account balance after multiple liquidations. Currently holding 25x leveraged ETH longs at $2,945 average price with liquidation point at $2,907, this aggressive positioning shows continued confidence in short-term market direction despite recent losses.
Gold Exposure Paying Off
- Gold-focused portfolio benefits from rising safe-haven demand
- PAXG position gains $670K (+34%) in unrealized profits
- Trader locked in gains by closing 50% of position
- Current average price at $4,415 with total value around $3.58M
Market Dynamics: Persistent Range Trading
Order book data shows traders maintaining positions around key psychological levels. One BTC whale adjusted trading range between $86,700-$90,500 with current holdings maintaining 12% portfolio allocation, indicating continued market uncertainty despite small realized gains of $4,060.