OTC Whale Buys 60,333 ETH ($238.7M) at $4,230 Avg — Unrealized Loss Exceeds $16M

COINOTAG reported on September 26 that monitoring by LookIntoChain identified an OTC whale accumulation of 60,333 ETH over seven days at an average price of $4,230, representing a notional exposure of approximately $238.7 million. The on-chain data indicates a current unrealized loss in excess of $16 million, reflecting mark-to-market valuation movements rather than realized trading losses.

Market participants assessing this development should note the implications for liquidity and position risk: a concentrated Ethereum holding of this scale elevates concentration risk and necessitates disciplined risk management and execution strategies by counterparties. The observation is factual and derived from blockchain monitoring; it does not imply forthcoming market moves or investment advice.