A major Ethereum holder has had a change of fortune in the cryptocurrency market.
According to monitoring by on-chain analyst Auntie Ai, this 'whale' had previously accumulated tens of millions of dollars in unrealized profits, but these have now turned into losses.
The whale's current long position on ETH is 120,000 units and their total value has reached $298 million. However, they still hold a significant amount of BTC and are currently experiencing unrealized gains on this holding.