$ETH ETH long whale has been holding for two months and was forced to close positions, ending with a loss of 9.63 million USD on a 120 million USD position. In summary, a whale on a certain chain closed all of its ETH long positions on February 9th, totaling approximately 60,000 ETH, with a loss of 9.63 million USD. Although attempting to average down, it ultimately chose to cut losses and reopened ETH short positions at an average price of 2086 USD, with a position size of about 28.6 million USD. BlockBeats reports that on February 9th, according to HyperInsight monitoring, a major ETH long whale (0xa5b…) on a certain chain closed all of its ETH long positions held for about two months, resulting in a loss of approximately 9.63 million USD. The position was established at the end of last year, with a size of about 60,040 ETH, a peak value of approximately 125 million USD, and an average price of about 2500 USD. During the holding period, although the address attempted multiple times to average down, it still experienced an unrealized loss of over 24 million USD on February 6th, approaching liquidation. As the market recently rebounded, the whale chose to close the position temporarily to cut losses. After closing, the address re-entered the market, opening a new ETH short position at an average price of about 2086 USD with 15x leverage, with a current position size of approximately 28.6 million USD. As of press time, it continues to slightly add to the position, with remaining margin of about 34.8 million USD.