TechFlow news, October 15 — According to on-chain analysis by Ember, a whale who previously lost $2.04 million due to a flash crash and liquidation has continued heavily buying ETH long positions and has now gained an unrealized profit of $7.5 million.
The whale initially opened a long position on ETH at $4,300 in early September, which was fully liquidated during the flash crash on the morning of October 11, resulting in a $2.04 million loss. The day after the liquidation (October 12), the whale withdrew 9.5 million USDC from Binance to re-enter a long ETH position, with a position size significantly larger than before. As ETH rebounded, the position has now achieved an unrealized profit of $7.5 million.
The whale currently holds a long position of 18,900 ETH, valued at $78 million, with an average entry price of $3,717.
