Ethereum Whale That Shorted 66,000 ETH Starts Selling After $13.9B Buy, Withdraws 177,000 ETH from Aave and Deposits 44,000 ETH to Binance, Facing $125M Loss
ETH/USDT
$11,341,264,445.51
$2,157.00 / $2,050.12
Change: $106.88 (5.21%)
-0.0036%
Shorts pay
Market observers spotlight a major crypto whale move after on-chain data flagged a large ETH buildup. LookIntoChain, cited by COINOTAG News, shows the address that previously borrowed to short roughly 66,000 ETH has added a substantial stake of about 444,895 ETH, valued near $13.9 billion at current prices. The reported entry price is around $3,437 per ETH, with the position carrying an unrealized drawdown.
On-chain flows show the whale withdrawing 177,000 ETH from Aave eight hours ago and moving about 44,000 ETH to Binance. The pattern signals liquidity management and cross-exchange repositioning as market participants watch Ethereum liquidity dynamics.
Net unrealized loss remains around $125 million, underscoring how large holders react to price swings. Traders will monitor further moves for signs of distribution or renewed accumulation, with on-chain analytics guiding expectations for this ETH position.