Ethereum Whale Activity Insights
On January 8, as ETH dropped below $3,100, monitoring data revealed that a key whale started gradually reducing short positions worth $64 million in ETH to realize profits. Despite significant reductions, the whale continues to hold a leveraged short of 8,377.77 ETH, valued at approximately $26.14 million.
- $150,000 in unrealized profit
- Ongoing adjustments noted
- Increased ETH market volatility