Ethereum Whale Faces $17.5M Unrealized Loss as He Buys the Dip

New on-chain data shows that a large investor linked to Matrixport has been steadily increasing Ethereum long positions despite the ongoing market decline.

The investor’s exposure is spread across four wallets, with holdings now totaling 120,000 ETH, valued at roughly $254 million. As the market has moved lower, these positions are currently showing unrealized losses exceeding $17.5 million.

Source: Lookonchain