In a market update from COINOTAG News, monitoring by EmberCN tracks a high-profile ETH position executed via a flash loan by a whale at address 0xa339. The trader opened a long position on Ethereum and has reduced risk by liquidating 10,006 ETH within the last hour, amounting to about $30.05 million.
Over the past seven days, the same address has offloaded 30,605 ETH totaling roughly $89.14 million. The execution pattern suggests disciplined profit-taking or liquidity management amid current price levels.
The trade metrics indicate an average exit price of $2,913 per ETH with a recorded cost basis near $2,545, implying estimated net gains in excess of $11 million. This activity may influence near-term liquidity and market sentiment.