Recently, a striking movement occurred in the Ethereum blockchain. A large investor—often referred to as a "whale"—who previously bought ETH at the highest price 4 months ago, actually added another 5,000 ETH to their portfolio through a dollar-cost averaging (DCA) strategy. Interestingly, their position is still showing a paper loss of $15.82 million.
What is this "Smart Money" Address Doing?
According to on-chain analysis by Ai Auntie (@ai_9684xtpa), the address deposited 5,000 ETH from Binance to lower their average purchase price. Four months earlier, they had purchased 10,870 ETH at an average price of $4,388.93**. With this addition, the average price per ETH has now dropped to **$3,930.27.
Even though the unrealized losses are still significant, this move shows their confidence in ETH's potential in the long term—and more importantly, they have a track record worth considering.
Success Notes Behind Temporary Losses
This address turns out not to be a new player. They have been recorded to have previously:
· Bought 32,416.5 ETH between April–June 2023 at an average price of only $1,865.68.
· Sold 30,878 ETH between March 2024–September 2025 at an average price of $2,944.71**, netting a profit of **$33.318 million.
This means that even though they are currently in a losing position, they have experience and trading strategies that have proven to yield significant profits in previous cycles.
What Can We Take Away from Here?
1. DCA is not just 'buy when it dips', but a disciplined strategy to lower the average cost.
2. Important trading history—players with a track record of profit often have long-term conviction.
3. Unrealized losses are not the end of the story, especially for investors who have capital and mental preparation.
This movement reminds us: in the crypto market, what appears on the surface—such as a loss of $15 million—does not necessarily reflect the entire strategy. Sometimes, what seems like a risky move is actually part of a larger plan.
---$ETH
Source: Lookonchain, Ai Auntie (@Imbik Traders )
Always conduct your own research before making investment decisions.
