According to Coinbob address tracking data, between February 14 and 15, the largest Ethereum whale (address 0xa5b...) executed strategic profit-taking when ETH prices remained stable. The whale reduced its long position by nearly half, with an average exit price around $2,100. Holdings dropped from 60,000 ETH (approx. $126 million) to 31,000 ETH (approx. $65.1 million), generating $1.31 million in realized gains.
Market Downturn Triggers Strategic Accumulation
Following the position reduction, ETH prices declined significantly, reaching $1,955 - an 8.1% drop from the whale's exit level. During this correction phase, the address actively accumulated positions, with purchases continuing until half an hour before publication.
Reduced Cost Basis Faces Short-Term Challenges
The whale currently maintains a 55,000 ETH long position (approx. $107 million) at ~15x leverage, with average entry price lowered from $2,048 to $2,015. Despite precise prior execution, falling prices have created unrealized losses of $3.52 million against the new cost basis.
- Original position valued at $126 million
- Current holdings reduced to $65.1 million post-exit
- Active accumulation observed around $1,955 support
Consistent Market Timing Strategy
This whale previously held a $100 million+ ETH position in late 2023, fully exiting in February 2024. The current re-entry demonstrates a disciplined trading approach combining strategic profit-taking with opportunistic accumulation.