Major Whale Expands ETH Long Position to 14K+, Betting on Recovery After Sharp Decline

On-chain data tracking reveals that a prominent trader—known for pivoting to long positions following the October 11th flash crash—has continued accumulating ETH holdings, now sitting at 14,277 tokens valued at approximately $42.95 million at current levels.

Current Position Metrics

The accumulated ETH stake reflects an average acquisition price of $2,965.73, according to analyst Ai Yi’s monitoring. At Ethereum’s recent trading range, this position carries an unrealized gain exceeding $762,000, signaling bullish sentiment from a wallet that displayed strategic market timing during the recent volatility episode.

What This Move Signals

The expansion of this large holder’s position matters for several reasons. First, it demonstrates conviction from a sophisticated trader who recognized the October 11th dip as a buying opportunity rather than a signal to extend bearish bets. Second, the size of the accumulation—over 14,000 ETH—suggests meaningful capital deployment in the current market environment.

With ETH trading in the $3,100 range and substantial unrealized gains already locked in, this whale’s continued position buildup hints at expectations for further upside, offering advice on broader market sentiment from those with the capital to move markets.