Whale Investor Expands Ethereum Position Despite Market Volatility

Foresight News reports that on-chain analyst Yu Jin has identified a major whale steadily increasing their Ethereum (ETH) holdings over the past two days.

The investor, who earlier sold HYPE tokens to fund long ETH positions, now controls 86,800 ETH worth roughly $392 million. These positions were opened at an average entry of $4,608, with a liquidation level near $4,342.

At present, the whale is sitting on an unrealized loss of about $8 million, highlighting both the scale of the bet and the risks amid ongoing market swings.#btc