According to @EmberCN on X on Jan 21, 2026, ETH fell from above $3,300 back below $3,000, flipping a whale who opened longs with about $230 million in capital from roughly $56 million unrealized profit to about $50 million unrealized loss within a few days. Source: @EmberCN on X on Jan 21, 2026. The post states the account’s mark-to-market swing over the period totals approximately $106 million. Source: @EmberCN on X on Jan 21, 2026. It also reports the whale holds around $660 million in ETH long exposure with a liquidation price at $2,263, roughly $700 below the cited spot. Source: @EmberCN on X on Jan 21, 2026.

According to @lookonchain, on-chain trader pension-usdt.eth opened a 2x short totaling 6,358 ETH, about $18M, roughly an hour before the market dropped, and the position is now showing about $1M in unrealized profit, source: @lookonchain and legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902. The implied average move since entry is approximately $157 per ETH based on $1M profit over 6,358 ETH, highlighting notable intraday downside volatility in ETH during the last hour, source: @lookonchain. Real-time wallet and PnL tracking for this position are available on the Hyperdash trader page shared in the post for ongoing monitoring, source: legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902 via @lookonchain.