- A whale deposited 5,000 ETH into Binance after holding it for 15 days, realizing a substantial loss from its previous withdrawal.
- While some whales sold at losses, others increased long positions, betting on Ethereum’s future despite current market volatility.
An Ethereum whale recently made a significant move that piqued the interest of many. After hoarding 10,000 ETH for 15 days, the whale at last gave up and sent 5,000 ETH (valued at $9.46 million) to Binance, losing $6.62 million overall.
Right now, the whale has 5,000 ETH valued at about $9.51 million. This move has sparked speculations regarding his strategy and the possible market conditions that would have caused him to exit the position.
Ethereum Whales Take Opposing Paths in Market Volatility
Initially withdrawing 10,000 ETH from Deribit, the whale had about $25.6 million worth. But in 15 days the market did not seem to be on his side. Although selling half of his assets might have been done to lower risk or provide liquidity, his losses cannot be disregarded.
On the other hand, other large whales seem to still be confident in the potential for Ethereum’s price to rise. On March 12, 2025, an institutional whale opened a $270 million long position with 50x leverage at an entry price of $1,896.63. With a liquidation price of $1,877.1, this move shows high confidence in the potential for ETH to rise in price in the near future.
Some Whales Cut Losses, Others Hold Strong on ETH
Not only that, on the same day, another whale also deposited $10 million USDC into the Hyperliquid platform to place a limit order at $1,921 per ETH.
This move increased their long position to 141,013 ETH (approximately $271.6 million), with an entry price of $1,900.28 and an unrealized profit of $3.65 million. This shows that although some are experiencing losses, there are also those who remain optimistic about Ethereum’s movement.
Today, though, something else happened. The whale with the address 0xD2E…eCa41 actually sold 6,401 ETH purchased in December 2023 for $12.23 million. He sadly lost $1.974 million with this action. At an average purchase price of $2,219 per ETH, this sale at $1,910 shows a 14% drop in the value of the asset over the preceding 15 months.
Fidelity ETH ETF Staking Proposal Sparks Interest
On the regulatory front, CNF previously reported that the Cboe BZX Exchange is submitting with the SEC for clearance to permit staking in the Fidelity Ethereum ETF. Should this be authorized, the scene of crypto investments may undergo significant transformation.
Under Mark Uyeda, the policy changes could provide more chances for staking-based ETFs, thereby pushing the conventional financial sector closer to Ethereum’s proof-of-stake approach. This development could be a catalyst for ETH going forward, even though the market is still volatile at the moment.
As of press time, ETH is swapped hands at about $1,891.42, down 0.38% over the last 24 hours and 17.19% over the last 7 days.
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