A high-profile Ethereum whale is quietly reshaping its position amid rising market volatility. Chainalysis data reveals the address began trimming its long ETH exposure at around $3,344, offloading approximately 1,378 ETH—worth nearly $4.6 million—with the selling pressure still ongoing.
Position Shift Hints at Market Caution
Following the reduction, the remaining long position is valued at roughly $63.74 million, with unrealized profits nearing $4.65 million. Though still significantly invested, the move suggests a cautious stance on current price levels. The contract account’s total assets stand at $35.25 million, with a healthy liquidation threshold of $1,592.07, indicating strong risk management.
Seasoned Trader with Proven Track Record
- Consistently operates with over $30M in capital
- Employs high-frequency, large-volume trading tactics
- Historical trading volume exceeds $4.5B
- Accumulated profits surpass $10.23M across cycles
Known for precise market timing, this whale favors tactical entry and exit points over impulsive moves. The current partial exit reflects disciplined portfolio management rather than a full bearish reversal, keeping investors alert to future signals.