Whale Turns $10.5M ETH Position from $10M Loss to $1M Profit

On February 14, blockchain monitoring platform Lookonchain revealed that a whale holding 105,000 ETH has turned its position around. Previously suffering a floating loss of over $10 million as ETH prices dropped, the address is now showing a profit of approximately $1 million thanks to the market rebound.

Price Recovery Helps Position Rebound

The recent recovery in ETH prices proved to be the key turning point, lifting the whale's position from deep losses. Data shows the address is linked to Matrixport, although the specific trading strategy remains unclear.

• Rising ETH prices were the main factor behind the turnaround
• The whale's holdings amount to 105,000 ETH, valued at around $215 million
• Current profit of $1 million signals a positive shift

Market Outlook Remains Positive

This recovery could boost market sentiment, particularly among long-term investors, offering renewed confidence. Analysts suggest that if ETH prices stabilize, more holders could move out of loss territory.