A major cryptocurrency investor, nicknamed ‘Whale’, has incurred substantial losses on their Ethereum positions following a recent market downturn. On-chain analytics firm BlockBeats reveals the Whale entered two leveraged long positions in Ethereum just before the market decline. The first position, with 25x leverage, is valued at $24 million and holds an entry price of $3,467.75, resulting in an unrealized loss of $1.98 million due to the current market drop. The second position also boasts 25x leverage, valued at $22.6 million with an entry price of $3,396.43, currently facing an unrealized loss of $1.36 million. The investor’s heavy exposure in leveraged positions underscores the impact of recent market volatility on their financial standing.