Whale Investor Opens New ETH Position Amid Recent Losses

According to BlockBeats, HyperInsight monitoring reveals that a significant investor, identified by the address 0x8d0, has opened a new long position in Ethereum (ETH) at $3,021, with a position size of approximately $15.11 million. This move comes after the investor, who has made over 30 long trades this month mostly resulting in losses, closed previous ETH and Solana (SOL) positions today with a modest profit of around $400,000. Since November 3, the investor has been actively trading multiple cryptocurrencies with a weekly success rate of 27%. Despite experiencing monthly losses that once reached $6.7 million, these have slightly narrowed to $5.32 million. The account currently holds $13.7 million in funds.