According to @EmberCN, after ETH fell below the whale’s prior $3,177 cost basis tied to a $120M ETH long, the whale’s unrealized gains were fully given back, and roughly 20 minutes before the post the whale added 20,000 ETH, bringing the long to 140,000 ETH (~$444M) with a $3,179 average entry (source: @EmberCN on X, Dec 11, 2025: https://twitter.com/EmberCN/status/1999135253965967679). These figures quantify the whale’s current ETH long exposure and cost basis for traders tracking large flow (source: @EmberCN on X, Dec 11, 2025: https://twitter.com/EmberCN/status/1999135253965967679).