Whale Reinvests in Ethereum: Opens $65.76 Million Long Position After $6.59 Million Loss

On August 18th, COINOTAG reported significant trading activity in the cryptocurrency market. A notable player, identified as a whale, persisted in a bullish strategy on **Ethereum (ETH)** despite incurring a **$6.59 million loss** from a prior long position liquidation. This trader strategically reopened a long position by acquiring **15,353 ETH** at an average price of **$4,236**, amounting to an investment of approximately **$65.76 million**. As the market fluctuates, this position is already reflecting an **unrealized gain** of **$600,000**, indicating the whale’s confidence in **Ethereum’s** potential for recovery. Such substantial transactions highlight the resilience and speculative nature of large-scale **crypto trading**, drawing attention from investors closely monitoring trends for future movements in the **cryptocurrency market**.