On-chain data shows that a whale account holding approximately $636 million worth of ETH long positions has recently attracted attention. Since the recent low point, the floating profit of this address has reached nearly $70 million, but with the recent market correction, the overall position has approached break-even. Interestingly, this account has established a connection with a well-known individual through an on-chain transfer. This change reflects the current volatility of the ETH market—even large holders are experiencing significant profit-taking.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
NotFinancialAdvice
· 01-06 04:23
Floating profit of 70 million directly wiped out to break even? This wave of market really is intense; even whales can't hold on.
View OriginalReply0
AirdropHunterKing
· 01-03 05:49
Over 600 million and it can still break even, this market correction is really intense, even the whales have to take the hit with us.
View OriginalReply0
LostBetweenChains
· 01-03 05:45
Haha, even whales are losing money. It seems no one can escape this wave of decline.
View OriginalReply0
AirdropDreamBreaker
· 01-03 05:38
Damn, $70 million directly wiped out to zero. This is the joy of holding coins, haha.
View OriginalReply0
CryptoNomics
· 01-03 05:36
honestly the unrealized P&L oscillations here are textbook mean reversion behavior... if you actually ran a proper regression analysis on whale accumulation patterns, you'd see this volatility is statistically insignificant relative to the macro trend
Reply0
PonziDetector
· 01-03 05:29
Still have to keep holding despite losing so much, I really can't take it anymore...
On-chain data shows that a whale account holding approximately $636 million worth of ETH long positions has recently attracted attention. Since the recent low point, the floating profit of this address has reached nearly $70 million, but with the recent market correction, the overall position has approached break-even. Interestingly, this account has established a connection with a well-known individual through an on-chain transfer. This change reflects the current volatility of the ETH market—even large holders are experiencing significant profit-taking.