2025-12-16 03:18:18

Another one is trapped.

This Ethereum whale withdrew a total of 21,850.15 ETH from an exchange during early December (12.05-12.15), equivalent to about $70.6 million. The average cost was $3,231 per ETH, and now this position is floating at a loss of $6.246 million. The most recent action was 6 hours ago, when they withdrew another 2,000 ETH (approximately $5.84 million).

These ETH are now stored across 5 different wallets. One wallet, 0xce9…57c69, is particularly active—its operation pattern is very obvious, engaging in cyclical long positions. This wallet currently has staked 18,706.9 ETH and is leveraging further through lending channels.

From on-chain data, this is a typical "buy the dip and increase" mentality. After accumulating at low prices, they are now using collateralized loans to leverage up, aiming to lower the average cost. But with this current floating loss, it’s uncertain how long they can hold on.

ETH-5,06%

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GasFeeCryBaby

· 2025-12-18 07:32

This guy really has a gambler's mentality, still daring to add more?

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screenshot_gains

· 2025-12-18 02:48

This guy is really ruthless. The more he gets trapped, the more intense it becomes. I can't help but sweat for him.

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metaverse_hermit

· 2025-12-16 14:46

Haha, this is a typical case of greediness leading to overreach.

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MidnightGenesis

· 2025-12-16 03:47

Looking at this wallet's on-chain operation logic... it's quite interesting. Staking 18,706.9 ETH and still adding leverage, based on past experience, this kind of move is either at the bottom or heading towards self-destruction. The floating loss data shown by monitoring isn't lying; the question is how long this guy can hold on.

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TrustlessMaximalist

· 2025-12-16 03:42

A typical dead cycle of getting trapped, still adding leverage to put out the fire, now it's even more intense.

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RuntimeError

· 2025-12-16 03:40

Oh my, this guy really has a gambler's mindset.

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Anon32942

· 2025-12-16 03:30

Oops, I got carried away again. Looks like I'm going to eat noodles this time. Wait, this move... will it really stop the bleeding? Leverage on leverage, that's playing with fire. The more it drops, the more this strategy is used... sooner or later, you'll have to settle the account. I think this whale needs to reflect on itself. Uh, no, he must have reflected long ago. Now he's just holding on tight.

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WenMoon42

· 2025-12-16 03:28

This whale is really risking it all, still increasing leverage?

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