Whale Keeps Buying ETH, Holding Over 80,000 ETH with $6.43M Unrealized Loss

Smart Money Accumulates, Whale's ETH Holdings Exceed 80,000

On-chain activity revealed renewed buying interest from a seasoned ETH holder, who executed a major purchase via FalconX within a three-hour window. According to analytics from Ai Auntie (@ai_9684xtpa) on January 30, the wallet first deposited $56.05M in USDC before withdrawing 20,000 ETH – a clear accumulation move.

Position Cost Breakdown

Since launching this accumulation campaign on January 21, the whale has now amassed a total of 80,013 ETH. The average acquisition cost stands at $2,885.75 per ETH, leaving the position currently underwater with a $6.43M unrealized loss amidst market fluctuations.

Strategic Behavior Insights

• Clear phased accumulation pattern suggests long-term conviction
• Utilized FalconX for execution to minimize market impact
• Current unrealized loss likely temporary given extended holding period