Big Move Amid Market Downturn
On-chain data shows ETH recently dropped to around $1,950, yet one whale took a bold step, adding 5,000 ETH to their long position.
Position Breakdown
The whale, linked to address 0x6C8...84F6, already held a substantial ETH long position. Their total holdings now stand at 105,000 ETH, purchased at an average price between $2,029 and $2,060. Despite the downturn, the total value of the position remains high at $205 million.
Unrealized Losses and Risk
The drop in ETH price has resulted in an unrealized loss of $10.43 million. While the short-term outlook appears bleak, the whale’s move has sparked market speculation about potential long-term positioning.
- ETH drops to $1,950
- Whale adds 5,000 ETH
- Unrealized loss hits $10.43M