Surviving a $10M drawdown and coming out smiling… yeah, that hits different 😄.
For a while, these ETH longs looked straight-up uncomfortable. Deep red, patience getting tested, unrealized losses stacking into the eight figures. But price stuck around, and so did the positions. Now the drawdown is gone, and both wallets are back in the green, slowly sitting on a combined over $2.9M in floating profit.
Let’s look at where things stand right now👇
Address 0xa5B0eDF6B55128E0DdaE8e51aC538c3188401D41 is holding about 40,000 ETH, with the position valued near $82.9M. Entry price sits around $2,048.9, and with $ETH trading just above $2,070, the unrealized PnL is roughly +$952K. Leverage is modest for the size, margin posted is over $5.5M, and liquidation is far away down near $924.
Then there’s 0x6C8512516Ce5669d35113A11Ca8B8DE322fD84F6, carrying the larger conviction. Around 45,000 #ETH on the line here, worth roughly $93.3M. Entry came in lower at $2,029.38, which is doing a lot of work now. Current unrealized profit is sitting close to +$2.0M, ROE north of 40%, with about $4.66M in margin posted. Even after paying more than $64K in funding, it’s comfortably green, and liquidation is nowhere near at roughly $1,286.
Put together, that’s about 85,000 ETH in open longs. What makes it interesting isn’t the profit -- it’s the path. These positions absorbed a massive drawdown, stayed open, even added margin, and waited for price to come back instead of forcing an exit.
