Ethereum Dip Pushes $383M Whale Long Below Entry Price

The assessment is based on strong, direct evidence from a highly authoritative and relevant source. The on-chain analytics feed from Lookonchain directly and explicitly confirms every component of the statement: a whale with an Ethereum long position of 120,094 ETH, valued at approximately $383 million, which has fallen below its entry price. This is the most compelling piece of evidence provided.Further corroboration comes from a Bitget news report which, citing an on-chain analyst, discusses a well-known crypto whale whose large Ethereum long position has recently turned to a loss. While it doesn't specify the exact dollar amount, it describes the precise scenario in the statement, making it highly probable they are reporting on the same event.Other sources mention different whales with long ETH positions of different values ($37.6M and $217M). These do not contradict the statement but rather indicate that multiple large traders exist and are being monitored. They describe separate, distinct events and do not invalidate the specific claim about the $383 million position.The remaining sources are entirely irrelevant, discussing different cryptocurrencies (Bitcoin, HYPE), different position types (short), or general topics with no specific market data. Disregarding these irrelevant sources, the weight of the direct and corroborating evidence makes the statement highly likely to be true.