2025-12-11 04:23:46

On-chain data shows that a major whale address accumulated nearly 120,000 ETH on October 11, and the current price has approached its cost basis.

This address was once showing a floating profit of up to $16.8 million yesterday, but then continued to add positions, raising the average cost. The latest calculated average purchase price is about $3,177.89. Given the current market trend, a further decline will start to result in paper losses.

The market is truly unpredictable; one day it’s profitable, and the next it might face unrealized losses. This wave of operations can be described as a roller coaster—one foot in heaven, the other in hell.

After the Federal Reserve cut interest rates last night, the market experienced a brief fluctuation. This morning, ETH around 3220 presented a good shorting opportunity. Traders who timed it well should be able to profit from this pullback.

However, to say it again, although whale movements are worth monitoring, ordinary investors should still operate according to their own risk tolerance and avoid blindly following the trend.

ETH-0.9%

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VirtualRichDream

· 12-13 12:13

1. 120,000 ETH forcibly turned from an unrealized profit of 16.8 million to a paper loss. This move is truly remarkable. 2. Even the whales are losing money, and we're still following the trend? It's better to honestly focus on our own wallets. 3. The cost basis at 3177 has been pushed into the corner. If it drops a little more, the whales will have to cut their losses. 4. As soon as the Federal Reserve cuts interest rates, the market starts rollercoastering. Ordinary people can't afford to play. 5. Don't be jealous of their accumulation data; we don't have deep enough pockets to bail us out.

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OnchainArchaeologist

· 12-13 03:06

This move by the whale is really aggressive, moving 120,000 ETH from an unrealized profit of 16.8 million directly to potential losses. The pace of adding positions is a bit too aggressive.

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ZKProofEnthusiast

· 12-11 04:53

Wow, this whale also got wrecked? $16.8 million gone just like that. How strong must their mentality be? This move is just outrageous. Instead of taking profits, they add more to their position and pull the average line. Purely a suicidal operation. The cost basis at $3177 is really unsustainable. A little more decline and it’ll turn negative, craving her short position profits. When the Fed drops this hammer, the market goes completely chaotic. The original judgment instantly becomes invalid. It still depends on whether you have bullets in your pocket. Don’t let the whale’s actions mess with your mentality. This is the true picture of the crypto market. Yesterday we were celebrating, and today we’re burning champagne.

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MoodFollowsPrice

· 12-11 04:47

Whales also get caught, 16.8 million instantly evaporated, this is called life is like a play Adding positions this move is really brilliant, literally erasing the profits 3177 that level is really unsteady, if it drops further, everyone has to kneel By the way, if this guy keeps hammering down, I really have to advise him The Federal Reserve's move indeed caused chaos, the rhythm was completely disrupted I missed this short at 3220, such a pity Don't blindly follow whales, I've been亏过, lessons learned the hard way 120,000 ETH, this scale of transaction is a bit large The feeling of floating loss is too uncomfortable, the account keeps changing every day This is the crypto world, yesterday's dream, today it's a nightmare

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ZenChainWalker

· 12-11 04:44

$16.8 million lost overnight. This is crypto, haha. Even whales get deflated, so we must keep a steady mindset. Adding positions to raise the average cost is an old trick; greed won't lead to good results. The $3177 cost line is really tight; a further drop would be GG. The Federal Reserve's rate cut shattered many people's dreams. I'm just watching, not following the trend; this is the key to lasting the longest. Actually, it's all caused by leverage; holding pure spot is more reassuring.

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SchrodingerAirdrop

· 12-11 04:38

Damn, earning 16.8 million in a day and then dropping right back down—what kind of mental toughness does that take? --- Another story of adding to positions and getting caught on the wrong side, it's exhausting just to watch. --- If you can't hold the cost line at 3177, you're really going to break your defenses. That's the price of greed, I suppose. --- This is how the Fed's rate cut market reacts—whales can't even hold up, it's hilarious. --- Honestly, it's still about timely stop-losses; otherwise, it's hard to turn a profit on the books after this wave. --- Following this trend is really dangerous; I hope it doesn't keep crashing further down. --- Those who understand stop-losses are making money; those stubbornly resisting are just praying for a rebound. --- Playing with 120,000 ETH like this, ordinary retail investors can't learn from it—risks are truly outrageous. --- Still daring to buy the whale bottoms, I genuinely admire your courage. --- Seeing data like this makes it clear: there are no absolute winners in the market, it's all survivor bias.

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