$ETH OTC Whale's $238.7M ETH Accumulation Under Pressure
Over the past 7 days, an OTC whale has purchased 60,333 ETH (totaling approximately $238.7 million) at an average price of around $4,230 per ETH, based on transaction data from Wintermute's hot wallet, Coinbase, and WrappedTokenGatewayV3.
The most recent transaction occurred 12 hours ago, involving 10k ETH. With the current ETH price below the purchase level, this whale is now facing a loss of over $16 million. Onchain analysis reveals concentrated buying from major wallets, indicating a strong accumulation strategy but also exposure to price volatility risks.
Could this strategy shift if ETH prices continue to decline in the coming days?