EyeOnChain
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Bullish
$ETH Whale Capitulates with $16M Loss
Three hours ago, a major Ethereum whale finally folded under pressure—selling 7,000 ETH for $16.88 million, locking in a substantial loss.
Here’s the full picture:
Accumulation Phase:
Between Dec 5, 2024 and Jan 13, 2025, the whale withdrew 13,479 ETH (worth $48.82M) from Binance at an average price of $3,622.
Capitulation:
Sold 7,000 ETH at lower market prices, realizing a steep loss as ETH currently trades around $2,411.
Remaining Bag:
Still holds 6,479 ETH (~$15.66M)
→ Total Unrealized + Realized Loss: ~$16.28M
Wallet address:
0x148990D87C467Ab1E9fF3435D7E4Ac0909e640c8
A painful reminder that even the largest players can mistime the market.
Three hours ago, a major Ethereum whale finally folded under pressure—selling 7,000 ETH for $16.88 million, locking in a substantial loss.
Here’s the full picture:
Accumulation Phase:
Between Dec 5, 2024 and Jan 13, 2025, the whale withdrew 13,479 ETH (worth $48.82M) from Binance at an average price of $3,622.
Capitulation:
Sold 7,000 ETH at lower market prices, realizing a steep loss as ETH currently trades around $2,411.
Remaining Bag:
Still holds 6,479 ETH (~$15.66M)
→ Total Unrealized + Realized Loss: ~$16.28M
Wallet address:
0x148990D87C467Ab1E9fF3435D7E4Ac0909e640c8
A painful reminder that even the largest players can mistime the market.
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