2026-01-08 02:44:33

This active on-chain whale has recently made another big move. After an initial attempt to go long on BTC futures resulted in a loss of $3.8 million, this institutional player, who has accumulated a profit of $96.67 million through Ethereum swing trading, did not stop there. Instead, they continued to increase their bets on ETH.

According to on-chain data, this whale, after closing a position to cut losses on a certain derivatives platform this morning, immediately converted the remaining 31.7 million USDC into 10,000 ETH through over-the-counter (OTC) channels. The scale of this transaction was quite significant, demonstrating their strong confidence in Ethereum's future prospects.

After the transaction, the whale now holds 40,000 ETH, with a total market value of approximately $127 million. From their trading trajectory, it is clear that ETH has become their main allocation focus—after several ups and downs in the derivatives market, they have returned to a more familiar spot holding strategy.

BTC0,5%

ETH0,75%

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StakeOrRegret

· 12h ago

Lost 3.8 million and still dares to go all in, truly fearless... But looking at the 40,000 ETH holdings, he's definitely betting on ETH in this wave of the market.

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DustCollector

· 01-09 19:52

Lost 3.8 million yet still daring to operate like this, how much do you believe in ETH... Is it really a gambler's mentality or is there insider information? BTC contracts exploded, then turned around and went all-in on ETH, I feel something's a bit off. 40,000 ETH, this guy is really playing hard. As a retail investor, I can only stand on the sidelines and watch the excitement. If the contracts get messed up, you still have to return to spot trading. Smart people, learn from this. This move... if he really threw in that much, then ETH's rise or fall could influence the entire market trend. Honestly, continuing to add after losing—either you're awesome or a fool, there's no middle ground. $127 million all-in on a single coin? That shows how much he believes in ETH's future. Holding spot is more stable. Compared to those who get liquidated daily in contracts, it's more reliable. Looking at this momentum, they really believe in it. Otherwise, who would dare to play like this?

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BearMarketBro

· 01-08 18:27

Lost 3.8 million but still dare to add positions, this guy is really ruthless With 10,000 ETH in hand, I believe he can make it back Contracts keep teaching lessons, but spot trading is still more reliable Forty thousand ETH, if I had just one-tenth of that, I could relax Gambler's mentality will still lead to losses; history keeps repeating itself

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GateUser-4745f9ce

· 01-08 03:09

Lost 3.8 million but still dare to go all-in, this mentality is unmatched Spot ETH is still more stable than contracts, learned that 40,000 ETH, this brother is truly full of faith Stop-loss and directly throw in 31.7 million, this move... is a bit outrageous Returning to spot trading is the real way, contracts are too risky and dangerous

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DegenGambler

· 01-08 03:07

Ha, back to leverage trading again. This time, I guess I’ve learned to be smarter. Still risking 3.8 million in stop-loss and going all in. This guy really can’t hold it together. 40,000 ETH. I just want to know if there will be another round soon. Spot trading is the right way; futures are really just for cutting the leeks. Throwing 31.7 million USDC in one go—this move is really ruthless. If ETH crashes this time, it’ll be a big loss again. Do big players trade like this? Feels like the risk appetite is pretty high. 1.27 billion USD invested in a single coin—I’m a bit scared. This guy made over 96 million, and he still dares to gamble like this? Impressive.

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NoStopLossNut

· 01-08 03:04

Alright, this guy is really tough. Losing 3.8 million and still daring to go all-in, I’m convinced. If the contract gets messed up, just be honest and stockpile the spot. That’s the right way. 40,000 ETH... that’s a lot of resilience. I’m amazed. Stop-loss and close the position, then turn around and buy 10,000 ETH. The timing is perfect. Honestly, spot trading is more reliable. Contracts are really easy to lose everything on. The whales are making moves while we’re still watching the show. The pattern is weak.

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Fren_Not_Food

· 01-08 03:02

Lost 3.8 million and still dare to go all-in, how strong must this mental resilience be? Is a loss of just 3.8 million USD really that much? Just keep buying spot. Forty thousand ETH... what kind of faith is that? I'm envious. The contract crashed, so they switched back to spot. This whale really knows how to cut losses. Buying 10,000 ETH at once? They must be very optimistic. I’d even bet my underwear on it. Stop-loss of 3.8 million, then turn around and throw another 31.7 million in. What kind of mentality is this? Looking at this pace, it seems like whales are even more aggressive than I am. Holding spot positions is the real way to go. This guy has figured it out.

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TokenVelocity

· 01-08 02:59

Wow, this guy is really tough. Losing 3.8 million and still daring to keep throwing in more... That's the spirit I admire. Losing 3.8 million and still able to dump 31.7 million USDC to buy ETH in one go—his mental resilience is unmatched. Spot trading is the real way to go; the contract market is too deep... Speaking of which, holding 40,000 ETH must mean he's very optimistic about the future of ETH. Really, buddy, losing so much and still not backing down, going all-in on spot trading—I've learned a lot from this. Wait, what if he gets caught in this move... but it seems he's really bullish on ETH's prospects. Is this what you call firm after a loss? I feel like there's a bit of a gambler's mentality in there... Making 96.67 million through swing trading—no wonder he's so daring. If contract trading isn't smooth, go back to spot trading—that kind of adjustment awareness is pretty good. A position worth $127 million... he's really betting his life on ETH. This big player is quite good at bottom fishing; I need to study his approach.

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AirdropJunkie

· 01-08 02:57

Lost 3.8 million but still dare to go all-in on ETH, this mental resilience is unmatched One-time investment of 31.7 million USDC to buy ETH, this guy is really confident Spot trading is the real way, the contract route is still too risky 40,000 ETH, anyone holding this amount would be unable to sleep peacefully From getting wrecked on contracts to accumulating coins in spot, learned to be smart Big players are all bottom-fishing ETH, I’m just watching the show on the side This guy made over 96 million and is still going all-in, desire truly knows no bounds Returning to spot trading, it shows that the contract approach doesn’t work anymore 1.27 billion USD fully invested in ETH, really daring to play After losses, doubling down on bets, this is what risk preference looks like

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RugPullProphet

· 01-08 02:52

Lost 3.8 million but still dare to add positions, this mentality is really bold. Went all-in with 40,000 E, is it for anger or genuine confidence? Spot never loses, futures are the meat grinder, I’ve realized. This guy truly believes in ETH, unlike me who talks big on paper every day. 31.7 million USDC all at once converted to ETH, I can’t learn this level of execution.

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