Whale Who Shorted During Oct 11 ‘Flash Crash’ Adds 20,000 ETH, Holdings Rise to $736M
On Jan 17, on-chain analyst Ai reported that a large trader—previously known for opening short positions after the Oct 11 flash crash—added 20,000 ETH to a long position, bringing the trader’s ETH holdings to 223,340 ETH (about $736 million). The position’s unrealized profit on ETH is estimated at $29.46 million, and the trader’s total portfolio unrealized gains are around $40.93 million. The report cites on-chain monitoring and does not provide identity details. No investment advice was given. Keywords: ETH, whale, on-chain monitoring, long position, unrealized profit.
Neutral
A whale adding 20,000 ETH to an existing long position is noteworthy but not necessarily market-moving by itself. The added amount raised the whale’s ETH holdings to $736 million, and the position shows modest unrealized gains. Historically, large concentrated positions can increase volatility around ETH—if the whale adds further or begins to unwind, it could trigger sharp price moves. However, this single reported accumulation lacks corroborating signs of broad institutional inflows or major leverage changes, so its immediate market impact is likely limited. Short-term: may cause localized price sensitivity and heightened volatility on whale activity or news. Traders might monitor on-chain indicators (exchange flows, funding rates, concentrated wallet movements) for follow-up moves. Long-term: if this reflects growing conviction among large holders, it could be a bullish signal; conversely, concentrated exposure increases liquidation risk during downturns. Overall, treat this as a watch-signal rather than a clear directional catalyst.