ETH fell below $2,900. After a major holder sold at a loss for $738,000, they reversed course and bought another $6.18 million. Now, the account only has $227,000 left.

2025-12-07 14:44:17

Abstract generation in progress

[Chain News] Did ETH crash again? This time it broke below the $2,900 mark, and a well-known whale in the community finally couldn’t hold on any longer.

On-chain data shows that this person just stopped out and exited, cutting losses on long positions and losing $738,000. You’d think he’d take some time to cool off, right? But instead, he immediately opened another long—directly adding 2,200 ETH, worth $6.18 million.

Even more dramatic is the roller-coaster of the account balance: at one point, it rebounded to $3 million, looking like a comeback was in sight. Unfortunately, the good times didn’t last, and now the account only has $227,000 left.

Was this a courageous contrarian bottom-fishing move, or just a gambler’s mentality getting carried away? The market won’t give you an answer—only a bill.

ETH-0.23%

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