ETH Whale Profits $39.88M From Shorts Since 1011 Flash Crash, Yet Long ETH Positions Carry $19M Unrealized Loss

ETH

ETH/USDT

$2,430.27

-9.96%

$2,430.27

-9.96%

(24s)

24h Volume

$35,745,978,136.24

24h H/L

$2,701.00 / $2,250.00

Change: $451.00 (20.04%)

Long/Short

78.8%

Long: 78.8%Short: 21.3%

Funding Rate

-0.0021%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,437.15

▼ -0.60%

Volume (24h): -

Resistance Levels

Resistance 3$3,015.81

Resistance 2$2,678.80

Resistance 1$2,449.69

Price$2,437.15

Support 1$2,418.87

Support 2$2,250.00

Support 3$1,704.99

Pivot (PP):$2,447.43

Trend:Downtrend

RSI (14):26.4

COINOTAG News, November 20, reports that on-chain analyst Ai Auntie (@ai_9684xtpa) traces a whale address 0x9ee…1daAb that has operated since the 1011 Flash Crash. By employing seven short positions, the wallet has secured over $39.88 million in realized gains. The same address now carries a hedged book with net unrealized losses on its long crypto exposure.

The current long book covers ETH and XRP with about $19 million in unrealized losses, signaling a risk-managed tilt after the prior drawdown. Market observers note the shift from directional shorting to hedging activity amid volatile liquidity conditions.

Position details show two ETH longs: $184 million notional at an entry of $3,219, unrealized loss of $11.6 million; and $94 million notional at $2.29, unrealized loss of $7.4 million. The combined unrealized loss aligns with the reported $19 million mark.