Recently, weekend market volatility has been intense, drawing the attention of a major key player. This seasoned trader, who only started shorting after the flash crash on 1011, currently has a long position with an unrealized loss of $17.07 million, putting him in a tricky situation.

Interestingly, he hasn't given up completely. Instead, ETH limit buy orders continue to be filled, with $44.12 million in orders hanging around the $3,030 to $3,100.3 range, seemingly predicting a bottom.

A deeper look into his account structure makes it even clearer—

**ETH Holdings**: 166,667.32 ETH, with a total value of approximately $510 million. The average entry price was $3,178.89, and the current unrealized loss is $12.29 million. This indicates he bought at higher prices earlier, and this recent dip has caused significant losses.

**BTC Holdings**: 1,000 BTC, valued at approximately $92.45 million.

This guy's approach is quite typical—after being caught in a position, he doesn’t cut losses and run but instead performs counter-trend operations. While the weekend dump was happening, he was accumulating at lower levels, trying to average down or gamble on a rebound to turn things around. However, whether he can fill the $44 million in orders at this price depends on the market trend over the next few days.