$77 Million Unrealized Loss Hits Ethereum Whale with 120,000 ETH Long Position

A prominent Ethereum whale is facing an unrealized loss of approximately $77 million on its long position. The entity holds 120,000 ETH across four distinct wallet addresses, with an average entry price of roughly $2,265 per token.

The positions are spread across four addresses, each with its own liquidation threshold. The liquidation prices for these addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6, respectively.

This development comes during a period of heightened volatility in the cryptocurrency market. Ethereum has experienced significant price swings, testing the risk management strategies of large holders.