Ethereum News Today: Ethereum Whale's $6M Profit Erased by $7.8M Leverage Loss, Exposing Volatility Risks

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Thursday, Nov 6, 2025 4:03 am ET1min read
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-

Ethereum
whale secured $6M profit from a 34-day ETH hold but later lost $7.8M via leveraged trades, highlighting crypto market volatility risks.

- Whale's initial $896M ETH accumulation during a dip aligns with broader whale buying trends, as Ethereum whales collectively purchased $1.37B in the past three days.

- Institutional investors continue accumulating ETH, but leveraged traders face significant losses, with one holding $64.7M in long positions suffering $19.6M unrealized losses.

- Analysts predict Ethereum could reach $10,000 or $4,800 depending on macroeconomic factors, with the December Fusaka upgrade potentially influencing institutional sentiment.

A major

Ethereum
whale that initially bought a dip in
ETH
at $10.11 and held for 34 days has now sold off its position, securing a $6 million profit. However, the same whale recently attempted to chase price movements, resulting in a $7.8 million loss. This volatile swing highlights the risks of high-leverage trading in the cryptocurrency market, even for large players, according to
Bitget data
.

The whale's initial purchase occurred during a market correction, with the address accumulating 257,543 ETH at an average price of $3,480—totaling $896 million, according to a

CryptoNews report
. This strategic accumulation aligns with broader trends, as the outlet reports that Ethereum whales have collectively purchased 394,682 ETH ($1.37 billion) over the past three days, signaling confidence in the asset's long-term potential. Analysts have noted that such whale activity often precedes significant market shifts, with some predicting Ethereum could target $10,000 or $4,800 depending on macroeconomic conditions.

Despite the initial success, the whale's recent actions have been less fortunate. According to

a ChainCatcher article
, HyperInsight data show the address closed a $25 million, 25x leveraged ETH short position with a $1.44 million loss, marking a 5-game losing streak after previously winning 14 consecutive trades. The whale's account balance now stands at approximately $570,000, down from its peak. Meanwhile, other active whales have also faced losses, with one holding $117 million in long positions but suffering an $1.8 million unrealized loss.

The broader Ethereum market remains mixed. Institutional players like Bitmine continue to accumulate, receiving 20,205 ETH ($6.99 million) in the past 30 days, boosting its total holdings to 3.4 million ETH ($11.32 billion), according to ChainCatcher. However, leverage-heavy traders are struggling: a $64.7 million long position maintained by a trader on Hyperliquid includes 25x leverage on ETH and 20x on BTC, with unrealized losses of $19.63 million, as reported in

a Yahoo Finance article
.

Market observers caution that volatility remains high. "Crypto markets are entering a cautious calm," said Bitget Wallet's Lacie Zhang, noting that favorable macroeconomic data could push Ethereum toward $4,200, as reported by CryptoNews. CoinDCX analysts, meanwhile, remain bullish, citing scalability upgrades and institutional adoption as catalysts for a potential 25-30% price increase by late 2025, according to the same outlet.

The whale's $6 million profit and subsequent $7.8 million loss underscore the double-edged nature of leveraged trading. As the Ethereum market prepares for the December Fusaka upgrade, the actions of large players will remain a key indicator of institutional sentiment.