Crypto Whale’s 120,000 Ethereum Long Swings to $46.01 Million Unrealized Loss

Four wallet addresses linked to one entity hold a roughly $225 million Ethereum position, with liquidation levels ranging from $1,355.8 to $1,573.9.

Summary

A large Ethereum trader, often called a crypto whale (holder with very large positions), saw a 120,000 ETH long position move into a $46.01 million unrealized loss after surrendering $44.61 million in earlier paper profit. The position is spread across four addresses tied to the same entity and is valued at about $225 million. The reported liquidation prices range from $1,355.8 to $1,573.9, indicating the price levels at which the leveraged long position could be forcibly closed if Ethereum falls further.

Terms & Concepts
  • Long position: A trade that profits if an asset’s price rises and loses value when the price falls.
  • Liquidation: The forced closure of a leveraged position when losses reach a threshold set by the trading platform or lender.
  • Crypto whale: A market participant holding a very large amount of cryptocurrency, often large enough to influence trading conditions.