Three Big ETH Believers … and Yeah, the Storm Won😀.
There was this moment when Ethereum confidence felt unshakable. Then price slipped… kept going. And suddenly, three of the loudest
$ETH bulls were standing in the rain, checking numbers they probably didn’t want to check.
FIRST:
#TomLee came in heavy. Like, really heavy. Around 4.243 million ETH, picked up for roughly $9.55 billion, with an average cost near $3,854. On paper it was long-term belief, the kind you don’t flinch from. But markets don’t really care about belief. The unrealized turned very real .. roughly $6.8 billion down.
SECOND:
#GarrettJin ’s road was sharper, faster, more chaotic. He swapped 35,991 BTC into 886,371 ETH at a 0.0406 ratio, and that move alone burned over $770 million. Then came leverage — a long position of 223,340 ETH, about $632 million at the time. The liquidation wiped out another ~$195 million. It didn’t happen all at once… but it didn’t take long either.
THIRD:
#JackYi played it cooler, at least on the surface. He accumulated around 651,000 ETH, putting in about $1.46 billion, averaging close to $3,300. Clean entry, strong thesis. Still, when ETH kept bleeding, the math caught up. Roughly $680 million gone. Quiet losses hurt just as much.
CONCLUSION & OUR THOUGHT: You can be early or be right in theory. You can even be disciplined. But when the market decides to lean back the other way… it doesn’t tap you on the shoulder first. It just takes.