Whale staking 33,499 ETH with an unrealized loss of 7.36 million. When will this large position turn around?

According to the latest news, a whale address (0x7ab…61dd) has staked 33,499 ETH, currently valued at $106.17 million. However, the whale’s purchase cost was $113.25 million, resulting in an unrealized loss of $7.36 million. Interestingly, this unrealized loss occurred amid a recent rebound in ETH’s price, reflecting the whale’s holding pressure at higher price levels.

Whale Holding Cost Analysis

Based on the news data, we can infer the whale’s buying situation:

This indicates that the whale’s purchase was made at relatively high prices. The average purchase price is about $211 higher than the current price, a gap of roughly 6.5%.

Market Context and Recent ETH Performance

Price Trend Comparison

According to data, ETH’s current market performance shows some time lag:

• Up 1.00% in 24 hours
• Up 8.09% in 7 days
• Up 4.51% in 30 days
• Down 0.26% in 1 hour

This data reveals a phenomenon: although ETH has recently rebounded (especially with an 8.09% increase over 7 days), it has not yet returned to the whale’s purchase cost.

Market Size

ETH’s current market cap is $38.237 billion, accounting for 12.11% of the market. The 33,499 ETH position represents a significant holding in the market, with a 24-hour trading volume of $1.783 billion.

Signals from the Whale’s Staking Behavior

Why stake while in an unrealized loss?

This staking behavior itself reveals important information:

• The whale has not chosen to cut losses or sell, but instead has staked these ETH
• This indicates confidence in ETH’s long-term prospects
• Staking can generate staking rewards, providing additional returns while waiting for the price to recover
• From an investment mindset, this is a “long-term hold” signal rather than a “short-term trading” move

The Significance of the Unrealized Loss

This $7.36 million unrealized loss should be viewed rationally in a broader context:

• The whale’s total holdings exceed $1 billion; a 6.5% unrealized loss on a single position is large but within the tolerance of professional investors
• Staking rewards can partially offset the unrealized loss
• If ETH’s price rises above $4,000, this position will turn profitable

Future Focus

From this perspective, the key to the whale’s turnaround depends on:

• Whether ETH can break through the purchase cost of $3,380
• Whether the recent 8.09% 7-day increase can continue
• Changes in overall market sentiment and macroeconomic environment

If the recent rebound trend continues, ETH is expected to return near the whale’s cost basis in the near future.

Summary

This whale’s unrealized loss of $7.36 million essentially reflects the current market situation of ETH pulling back from its highs. Notably, the whale’s decision to stake rather than sell while in a loss indicates that large holders’ long-term outlook on ETH remains unchanged. Considering ETH’s recent 8.09% increase over 7 days, this unrealized loss may not last long. The key follow-up is whether ETH can re-break the critical level of $3,380.