ETH whale adds 3,000 more at low levels, $6.36 million unrealized loss can't dampen the bulls' resolve

On-chain monitoring data shows that when Ethereum’s price drops back to around $2,000, a large long-position investor chooses to add to their holdings. According to data analyst @ai_9684xtpa, this long-position investor decisively increased their ETH holdings by 3,000 tokens at the $1,919 price level, demonstrating strong confidence in the future market outlook.

Long-term Investors Continue to Add Positions at Low Levels

This investor’s decision to increase their holdings was not impulsive. Despite currently being over $10 million in unrealized losses, they still chose to add to their position, reflecting firm confidence in Ethereum’s medium- to long-term trend. The recent addition about five hours ago brought their total long positions managed by a single address back to 60,000 ETH.

Details of Holdings Across Two Addresses

This investor manages their large ETH position through two wallet addresses, holding a total of 105,000 ETH worth approximately $204 million.

Specifically:

• Main wallet address 0xa5B…01D41: holds 60,000 ETH (valued at about $116 million), with an average entry price of $2,048.9, currently showing an unrealized loss of approximately $6.36 million.
• Secondary wallet address 0x6C8…D84F6: holds 45,000 ETH (valued at about $87.34 million), with an average entry price of $2,029.38, and an unrealized loss of about $3.87 million.

The Strategy Behind the $6.36 Million Unrealized Loss

Although the main wallet address has accumulated an unrealized loss of $6.36 million, this long-term investor has not chosen to cut losses or liquidate. Instead, they continue to add to their position as the price dips. This behavior indicates a “buy the dip” averaging strategy, aiming to lower the overall cost basis and optimize their position. In the context of ETH’s current volatile price movements, large investors’ accumulation signals often serve as important market sentiment indicators.