- A whale paid 5,000 ETH at Binance after holding it for 15 days and realized a considerable loss due to its previous withdrawal.
- While some whales sold in losses, others increased their long positions and bet on the future of Ethereum.
An Ethereum Wal recently took an important step that aroused the interest of many. After having heard 10,000 ETH for 15 days, he finally gave up sent 5,000 ETH Value of $ 9.46 million in Binance and lost a total of 6.62 million.
At the moment the WAL has 5,000 ETH worth around $ 9.51 million. This step has triggered speculation about its strategy and the possible market conditions that caused him to exit the position.
Ethereum whales go against the market volatility
When the WAL initially pulled 10,000 ETH from Deribit, it had a value of about $ 25.6 million. But in 15 days the market did not seem to be on its side. Although he could have sold half of his assets to reduce the risk or to create liquidity, his losses are not to be neglected.
On the other hand, other large whales still seem to believe in the potential of an increasing Ethereum price. On March 12, 2025, an institutional whale opened a $ 270 million position with a 50-fold leverage at an entry-level price of $ 1,896.63. With a liquidation price of $ 1,877.1, this step shows a high level of trust in the potential for an early price increase from ETH.
Some whales make cash – others hold their ETH
In addition, another whale paid 10 million USDC on the Hyperliquid platform on the same day to place a limits at $ 1,921 per ETH.
As a result, his long position increased to 141,013 ETH (approx. $ 271.6 million), with an entry-level price of $ 1,900.28 and an unrealized profit of $ 3.65 million. This shows that some have to accept losses, but also remain optimistic about the development of Ethereum.
However, something else happened today. The whale with the address 0xd2e… ECA41 actually sold 6,401 ETH bought in December 2023 for $ 12.23 million. Unfortunately, he lost $ 1.974 million with this campaign. With an average purchase price of $ 2,219 per ETH, this sale for $ 1,910 shows a loss of value of 14 % in the previous 15 months.
Fidelity ETH-ETF Staking proposal arouses interest
At the regulatory front, CNF has already reported that the CBOE BZX Exchange has applied for approval for staking in the Fidelity Ethereum ETF. If this is approved, the scene of the crypto investment could change significantly.
According to Mark Uyeda, the political changes could offer more opportunities for staking-based ETFs and thus introduce the conventional financial sector closer to Ethereum’s proof-of-stake approach. This development could be a catalyst for ETH, even if the market is still volatile at the moment.
At the time of the editorial deadline, ETH is traded at around $ 1,891.42, which corresponds to a decline of 0.38 % in the last 24 hours and 17.19 % in the last 7 days.
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