The largest on-chain Ethereum long whale executed a strategic adjustment by selling 7,000 ETH for a realized loss of $596,000 before buying back positions at an average price of $1,919. The address now holds a 60,000 ETH leveraged long position valued at approximately $116 million, with a liquidation price set at $1,328. This marks a reduction from the previously reported 105,000 ETH position that faced unrealized losses.