2026-01-01 14:04:52

Here's something worth paying attention to: that mega whale sitting on a $400M ETH position is still holding long, even after being down nearly $45M.

Think about that for a second. This isn't some retail trader panic-selling at the first dip. Someone with serious capital is making a deliberate choice to stay committed to their ETH bet despite substantial unrealized losses.

So what does this signal? Either they've got conviction on a longer-term ETH recovery that the market hasn't priced in yet, or they're playing a bigger game we're not seeing on the surface.

These kinds of whale moves often precede significant market shifts. When the smart money doubles down during drawdowns instead of cutting losses, it usually means they're reading something in the data that retail hasn't caught up to.

Worth monitoring where this position goes next — it could tell us a lot about where Ethereum heads in the coming weeks.

ETH0.65%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

ApeWithNoChain

· 11h ago

Losing 45 million but still holding tightly, this guy either truly believes in ETH or knows something we don't.

View OriginalReply0

PanicSeller

· 11h ago

Damn, this whale is really ruthless. Lost 4,500 and still didn't run... Wait, is this guy really confident or just trapped? I think at times like this, the hardest part is not being able to see through what others are thinking, but you're right, smart money won't blindly buy the dip... Hmm, worth keeping an eye on, next week's trend might depend on how this guy operates. By the way, should I also hold on tightly to my little head? Forget it, I'm still too inexperienced.

View OriginalReply0

SchroedingerMiner

· 11h ago

Losing 45 million and still not running, this guy really has faith. --- Wait, could it be a trick? The big whale is deliberately acting this way to show us. --- Honestly, smart money wouldn't do that; they must know something. --- I don't believe you, this is just a trap to lure more in. --- Holding four hundred million dollars and still can't move it, you must be very optimistic about ETH. --- Don't be awkward about criticizing; players of this level are definitely not gamblers, backed by data. --- It sounds good, but in reality, they are just trapped and now regret it. --- Interesting, I also need to pay attention to this whale's movements. --- Losing $45M is manageable; as retail investors, we really don't have much to look at. --- Something's off. If they really had confidence, they'd just add more. Why are they still holding?

View OriginalReply0

SandwichTrader

· 11h ago

Lost 45 million but still holding on, what did this big investor see?

View OriginalReply0

FOMOSapien

· 11h ago

Damn, losing 40 million USD and still not running away, this guy really has faith.

View OriginalReply0

ImpermanentPhilosopher

· 11h ago

Losing 45 million and still staying calm about holding the position—that's the difference between big players and retail investors. --- Wait, is this guy really not trapped and fooling himself? --- In my opinion, having an information advantage with large funds is definitely true, but is it too confident to say they will definitely make a profit this time? --- Losing 45 million and still maintaining composure, I'm seriously social anxiety now. --- Watching a good show, if this big player keeps throwing money in the next step, then things will get serious. --- The logic is sound, but everyone in the crypto circle has played these tricks, big players are no exception. --- Ah, so this is what is called "smart money," then which parallel universe does my smart money come from? --- As long as he doesn't reduce his position, it means this game can still be played, it's that simple.

View OriginalReply0