The whales shorting ETH are holding their positions, while the whales going long are also losing money.
This market is really hard to navigate; one side has to completely surrender for things to change.
Huang Licheng reduced his position over the weekend, lowering the liquidation price, and the current unrealized loss on long positions has risen to $6.331 million.
"$125,000 rolling position to go long on ETH"—the whale has once again increased its position by 10,000 ETH, bringing the total value of long positions to $342 million.
Two major whales shorting ETH are simultaneously reducing their positions, with a single unrealized loss exceeding $21 million.
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