2026-01-08 08:24:39

Yesterday, Ethereum fell below the $3100 mark, and on-chain data shows that a large whale wallet with substantial holdings began intensive trading. This whale has gradually closed ETH short positions worth $64 million to lock in profits.

Interestingly, it has not fully liquidated its position. It still maintains a 3x leveraged short position of 8,377.77 ETH (equivalent to a $26.14 million position), with an unrealized profit of $150,000.

This operational logic is quite typical—partially taking profits to secure gains while retaining some positions to continue tracking the downward trend. It reflects that large investors still have a bearish outlook on ETH's future movement, but their risk management awareness is gradually improving.

ETH0,27%

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SmartContractRebel

· 3h ago

The whale's move this time is indeed impressive, but I think he might have overestimated his predictive ability. The whale still wants to keep pushing, so greedy... Once it breaks 3100, he impatiently cuts the shorts. Who's the one panicking now? Locking in a profit of 64 million is good enough; insisting on 3x leverage to gamble is the tragedy of capital management. On the other hand, if it rebounds, this guy will be crying his eyes out. Luckily, he kept some positions to regret. With just a few thousand ETH in position, can it really determine the subsequent trend?

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TommyTeacher1

· 8h ago

This whale strategy still has some merit; take the profit when you can. If it were greedy, it would have been liquidated long ago.

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ApeWithNoChain

· 17h ago

Whales' profit-taking rhythm this time is amazing. They still kept some positions to continue riding the decline. This is what a professional player looks like.

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MemeKingNFT

· 01-10 09:47

The big whale stopped halfway through, this is what it means to be a decent person... Pocketed 64 million USD, and still using 3x leverage to continue harvesting the short squeeze profits. I need to remember this tactic.

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BlockchainTherapist

· 01-08 08:54

Whales are smart—take half the profit and run, then keep fighting with the other half... This is the gameplay of seasoned players.

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FrogInTheWell

· 01-08 08:53

Whale's move is seasoned; taking the profit and not being greedy—that's the long-lasting style of operation.

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AirdropJunkie

· 01-08 08:47

Whale's move this time is amazing, taking profits while continuing to bet, truly greed knows no bounds, swallowing an elephant with a snake. This guy is still gambling, with a floating profit of 150,000 and can't resist the psychological pressure. I'm just worried that a rebound in the next second will blow him up, using 3x leverage to risk it all. But to be honest, who doesn't want to make money and preserve their position at the same time? It's a game for smart people. I've seen this kind of operation too many times, and in the end, they are often caught off guard and harvested.

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consensus_whisperer

· 01-08 08:44

This whale is playing pretty aggressively, taking 64 million and running, then staying to continue betting on the decline. I respect the double insurance strategy.

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FOMOSapien

· 01-08 08:38

This whale's move is quite interesting, both greedy and cautious. Taking 64 million off the table and still holding short positions, buddy, are you betting that it will continue to fall?

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