Great player: a massive amount of ETH is stored at a price of $3.12K

On December 28, blockchain analyst Ai Auntie shared interesting observations regarding the activity of a major player on the Ethereum network. Address 0xce9…57c69 demonstrates a large position that has attracted the interest of the trading community.

Key accumulation indicators

Since the beginning of December, the player has been systematically increasing ETH holdings, taking a position that has reached 38,415.18 tokens. At the current price of $3.12K per token, this is equivalent to approximately $119 million US dollars. Such a scale of purchases indicates confidence in a long-term position.

Recent movements: withdrawal and replenishment

Three days ago, the whale withdrew 3,997 ETH from the exchange, amounting to about $11.76 million. This step can be viewed as transferring assets to private storage or rebalancing the portfolio. Meanwhile, just 15 minutes before the analysis, they replenished the exchange with 15.3 million USDT, creating opportunities for further operations.

Staking position and debts

The player’s address holds 41,523.24 ETH in staking, providing passive income and demonstrating a long-term commitment to the ecosystem. At the same time, the position includes a loan of 69.82 million USDT, which may be related to a strategy to obtain additional liquidity.

Position assessment

The average cost of the accumulated volume is approximately $3 111.38 per token, resulting in an unrealized loss of $6.576 million at current prices. However, such indicators do not deter the player from continuing their strategy, which may signal confidence in Ethereum’s future price growth.