New on-chain data indicates a large investor tied to Matrixport is increasing Ethereum long exposure even as prices fall, with unrealized losses reported at $17.5 million.
A large investor linked to Matrixport has continued buying Ethereum during the market downturn, according to new on-chain data. The report says the whale’s Ethereum long exposure is distributed across four positions and is currently showing an unrealized loss of $17.5 million. The activity reflects a buy-the-dip approach, a common strategy in crypto markets where investors add to positions during price weakness in anticipation of a recovery. The source does not provide further figures, position details, or timing beyond noting the continued accumulation during the decline.