According to @lookonchain, on-chain wallet 0x4e8d closed ETH longs before the latest drop, realizing a $948,000 profit, source: @lookonchain on X, Oct 22, 2025, x.com/lookonchain/status/1980634207597781011. According to @lookonchain, the trader then reopened a 4x long on 9,200 ETH with $35.6 million notional and is currently down over $1.2 million, source: @lookonchain on X, Oct 22, 2025, x.com/lookonchain/status/1980634207597781011. According to @lookonchain, the figures imply an average entry near $3,870 per ETH (35.6M divided by 9,200) and an adverse move of roughly $130 per ETH based on a $1.2M unrealized loss over 9,200 ETH, source: @lookonchain on X, Oct 22, 2025, x.com/lookonchain/status/1980634207597781011.