According to EmberCN, a whale that previously opened longs with 230M USD in capital added a final long on the 26th of last month and has since held roughly 800M USD in ETH long positions without adding or closing for 19 days, indicating strong conviction and risk tolerance (source: EmberCN on X, Jan 14, 2026). According to EmberCN, ETH fell to 2,780 during this holding window, putting the position under significant unrealized drawdown, yet the whale did not exit or add, highlighting potential positioning overhang and patience-driven strategy (source: EmberCN on X, Jan 14, 2026). Based on EmberCN’s report, traders should monitor any whale-led adds or unwinds as catalysts for volatility, watch the 2,780–3,000 area for near-term reaction levels, and align risk management around liquidity shifts tied to large long positioning (source: EmberCN on X, Jan 14, 2026).