ETH long worth $186M swings to $2.9M unrealized loss

Onchain analyst Aunt Ai (@ai_9684xtpa) reported that a "Tie Tou Bullish Position" began accumulating ETH on April 30 across two addresses, buying 80,000 ETH at an average cost of about $2,265. The holding is now valued at roughly $186 million and has not been trimmed. After BTC fell below $80,000, the position slipped back into the red, showing an unrealized loss of around $2.9 million. At the May 11 market peak, its unrealized profit briefly topped $8 million.