On-chain ETH Long Liquidation with 29,000 ETH Take Profit Target Hit, bought back at the intraday low price of $1955

February 16th — Per Coinbob Popular Address Monitoring (via its Telegram channel), on-chain data shows the largest bullish ETH whale (address 0xa5b...) has recently adjusted its position. Between February 14th and 15th, while ETH prices were relatively stable, the whale took profits on nearly half its long positions, with an exit price of around $2,100. Its holdings dropped from 60,000 ETH (≈$126 million) to 31,000 ETH (≈$65.1 million), netting a $1.31 million profit from this sell-off. Subsequently, ETH prices extended their decline overnight and this morning, falling ~8.1% from the whale’s prior exit price. During this drop, the address continued accumulating ETH: its lowest entry price was $1,955, and it was still buying more in the half-hour leading up to the report’s filing. Currently, the whale’s 15x leveraged ETH long position totals ~55,000 ETH (≈$107 million), with its average entry price falling from $2,048 to $2,015. Though it exited precisely at the earlier peak, the position now sits in an unrealized loss of $3.52 million as prices have dipped below its latest average entry point. Context: Last year, the whale built a $1 billion ETH long position and fully exited all positions in February 2024 (holding ~60,000 ETH at the time). It has since re-entered the market, sticking to its style of high-volume trades and swing trading in the $1 billion range.