ETH Whale: 80K Longs Show $2.9M Loss

ETH whale controlling two addresses added 80,000 long contracts at an average $2265 and has refused to trim size since April 30 despite an $8M peak profit on May 11.

Current mark at $2230.49 leaves the combined book showing a $2.9M floating loss as BTC sliced below 80k. Price sits beneath both the EMA50 at $2287.76 and EMA200 at $2272.87, locking in a bearish structure while the MACD death cross at -18.99 confirms momentum erosion. With the upper Bollinger band at $2318.88 capping upside and the lower band at $2208.21 offering the next measurable support, any further slide risks extending the drawdown before a relief bounce materializes.