Ethereum (ETH) Whale Repeats Dip-Buy, Sells the Top, Incurring $1.4M Unrealized Loss

COINOTAG News, citing EmberCN, reports that an identified on-chain operator—often described as an ‘anti-direction’ whale—has repeatedly chased the dip and sold the top in ETH. On Oct 22, the trader acquired 7,221 ETH at an average of $4,036, aiming to push the price higher, but ETH later slipped to about $3,840, leaving an unrealized loss near $1.4 million.

Earlier, the same entity bought 8,637 ETH at $4,402 on Oct 2, then liquidated near $3,764 on Oct 11 amid a sharp drawdown. On Oct 13, they re-entered with 7,817 ETH at $4,159, but exited at $3,714 on Oct 17 as the price fell. These sequential moves underscore on-chain activity’s role in exposing liquidity risk and can inform risk management in a volatile crypto landscape.