Last month on the 26th, a whale added an 800 million USD position and has not made any moves for a full 19 days.

How fierce was it back then? When ETH dropped to a low of 2780, the account's unrealized loss directly reached 74 million USD. At that time, retail traders were waiting for it to be liquidated, thinking this time it was a sure thing.

But now ETH has rebounded to around 3300, and at the same level, the unrealized profit has already turned into 48.25 million USD.

This is the key—he still hasn't moved.

Not trading, not stop-lossing, not even closing positions—what does this mean? It suggests that there might really be a large institution quietly accumulating. Such a calm attitude towards a huge position often indicates someone is laying out a bigger game at the bottom.

For retail traders, don’t be scared off by these short-term fluctuations. Those who hold onto their chips are often the final winners.

Now I have a question for everyone: At what price do you think this whale will ultimately choose to close his position?