Whale Doubles Down on Ethereum Despite $640K Paper Loss

I see a whale deliberately sticking with a long Ethereum position despite an unrealized loss north of $640,000, which tells me they believe in a multi‑step accumulation plan rather than a quick trade.

That level of drawdown signals conviction but also meaningful risk — they're likely averaging down and willing to tolerate volatility to reach longer‑term objectives.

I would treat this as an informational cue, not a buy recommendation for everyone: it highlights a potential accumulation opportunity but also the need for disciplined sizing and risk controls.