A major whale used leverage to go long on ETH. In April, under pressure from falling prices, they were forced to cut losses and liquidate, selling a total of 30,894 ETH at once, incurring a loss of up to $40 million. However, they did not leave the market. After the market stabilized, they quickly bought the dip, rebuilding their position at a price of $1,740 with 19,973 ETH. By averaging down, this whale's average holding price was brought under control at around $2,545, with a total of 50,000 ETH held. After an 8-month long-term holding, they finally decided to take some profits recently, selling 10,000 ETH at a price of $2,915. From being forced to stop loss, to precisely bottom-fishing, and then gradually exiting, this series of actions demonstrates a seasoned player's understanding of market cycles—daring to add positions against the trend at critical moments and decisively realizing gains when opportunities arise.