As BTC slipped back below $80K, those massive ETH longs are big down again. The two “iron-handed” whales still holding a combined 80,000 $ETH long are now sitting on roughly $7.49M in unrealized losses after ETH pulled back sharply. Just a few days ago on the 11th, these same positions were showing more than $8M in floating profit.

Current position details👇
• Wallet 0x6c85 is holding a 20x long on 40,000 ETH worth about $86.89M .
Entry price: $2,265.4
Current ETH price: $2,172.3
Unrealized PnL: -$3.73M (-82.2% ROE)
Liquidation price: $1,351.4
Margin: $4.34M
Funding paid: -$326.9K
• Wallet 0xa5b0 is holding a 15x long on 40,000.58 ETH worth about $86.86M .
Entry price: $2,265.5
Current ETH price: $2,171.4
Unrealized PnL: -$3.76M (-62.3% ROE)
Liquidation price: $1,348.0
Margin: $5.79M
Funding paid: -$349.1K
Even after the reversal, neither whale has closed the trade yet. Together, they’re still holding nearly $174M worth of ETH longs while absorbing millions in drawdown and funding costs.
Addresses:
0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
0x6c8512516ce5669d35113a11ca8b8de322fd84f6