As BTC slipped back below $80K, those massive ETH longs are big down again. The two “iron-handed” whales still holding a combined 80,000 $ETH long are now sitting on roughly $7.49M in unrealized losses after ETH pulled back sharply. Just a few days ago on the 11th, these same positions were showing more than $8M in floating profit.
Current position details👇
• Wallet 0x6c85 is holding a 20x long on 40,000 ETH worth about $86.89M.
Entry price: $2,265.4
Current ETH price: $2,172.3
Unrealized PnL: ...
He's back to buy $ETH Again. One of the old ETH whales is back in the market again.
This is the same smart-money wallet that built a position of 11,004 ETH back in 2016 at an average price of just $3.45 and eventually walked away with roughly $30.38M in profit. After staying quiet for about a year, the wallet has suddenly started buying ETH again. About 3 hours ago, it bought 647.137 ETH on-chain at an average price near $2,211.49, worth roughly $1.43M.
Then the buying continued:
• 650.675 ETH b...