ETH Whale Reverses $21M Loss to $460K Profit; Divergent Positions Emerge Across Major Holders

A whale known as "CZ counterparty" turned a $21 million loss on Ethereum long positions into a $460,000 profit on Dec. 4, HyperInsight data show. The trader holds approximately $168 million in ETH longs at an average entry of $3,201, while maintaining an $85.38 million XRP long position with a $3.63 million unrealized loss. Separately, Machi Big Brother reduced ETH, ZEC, and HYPE long positions over the past two hours and currently holds $29.46 million in ETH longs with $2.03 million in unrealized gains. Another whale, identified as "suspected XPL insider," opened 5x leveraged ETH and 7x leveraged SOL long positions totaling $6.19 million after remaining inactive for over 10 days.