ETH Whale Re-enters After $2.04M Flash Crash Loss — Now Long 18,900 ETH and Up $7.5M
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
EmberCN monitoring shows a notable whale trading narrative: an initial ETH long opened at $4,300 in early September was liquidated during the 10/11 flash crash, producing an on-chain loss reported at $2.04 million.
The trader subsequently transferred 9.5 million USDC from Binance on 10/12 to re-establish a substantially larger long; the rebuilt position size exceeds the prior exposure and is currently showing a mark-to-market gain of approximately $7.5 million.
Per on-chain data, the active long comprises 18,900 ETH opened at about $3,717, with a notional value near $78 million, underlining heightened market volatility and concentrated counterparty risk in leveraged Ethereum positions.