ETH Whale Doubles Down Amid Market Downturn! 105,000 Ethereum Long Position Faces $10M Unrealized Loss

Ethereum Whale Aggressively Adds Long Position

According to latest blockchain analytics data, when ETH dropped below $2,000 on February 13, a major whale seized the opportunity to accumulate 3,000 additional ETH at an average price of $1,919. This strategic move demonstrates strong conviction in cryptocurrency's long-term potential.

Detailed Position Analysis

Chainalysis revealed the investor operates through two distinct wallets:

• Wallet 0xa5B…01D41 holds 60,000 ETH valued at $116M with entry price at $2,048.9 and unrealized loss of $6.36M
• Wallet 0x6C8…D84F6 contains 45,000 ETH worth $87.34M at entry price $2,029.38 showing unrealized loss of $3.869M

The combined 105,000 ETH position now represents $204M in total value with cumulative unrealized loss exceeding $10M. Notably, the investor employs a diversified wallet strategy to manage risk exposure.