$ETH Whale Shows Strong Conviction Despite $6M+ Unrealized Loss 🐳
A large Ethereum investor is sending a powerful long-term signal to the market 👇
📅 Accumulation Timeline: Dec 05 – Dec 15
Despite ETH trading below their average entry, this whale continues to accumulate aggressively, showing confidence in a future recovery.
🔹 Key On-Chain Highlights
Total withdrawn: 21,850.15 ETH (~$70.6M) moved from exchanges to private wallets
Average entry: ~$3,231 per ETH
Current unrealized loss: ~$6.24M — yet no signs of panic selling
Latest move: +2,000 ETH (~$5.84M) withdrawn today, confirming accumulation isn’t done
🔹 Smart Leverage Strategy
Collateral deposited: 18,706.9 ETH
USDT borrowed: $31.34M
Health factor: 1.41 (moderately safe, controlled risk)
ETH is being actively used, not parked — capital efficiency at work
🧠 What This Tells Us
Willingness to hold through multi-million dollar drawdown = strong conviction
Using ETH as collateral suggests expectations of higher prices ahead
Whales are positioning early, not chasing tops
💬 Question for You Have you ever used your crypto as collateral to borrow stablecoins and buy the dip? Or do you prefer spot-only strategies?
⚠️ Reminder: On-chain data is for insight only, not financial advice. Always manage risk and do your own research.
#ETH #Ethereum #WhaleAlert #OnChainAnalysis #CryptoNews