BlockBeats News, August 20th. According to TradingBeats data, the "BIT Whale" that was previously at a loss of approximately $88.5 million saw the price of its holdings return to near breakeven as it held 120,000 ETH without selling any, after an earlier downturn.

At the time of writing, the whale still holds a total of about 120,000 ETH across four addresses, with a position value of around $271 million and a consolidated entry price of $2261.23.
With the rebound of ETH, its position was briefly in the green earlier today, and currently experiences a slight pullback, resulting in a total unrealized loss of about $108,000. The entity has been holding its position since establishing it and has successively added to its margin to withstand the near $88.5 million paper loss, waiting for a price recovery. Its most recent liquidation price has dropped to around $1195.95. When factoring in the approximately $4.9 million funding fees paid cumulatively since the position was opened,

The whale has not fully covered its initial investment yet; however, in terms of price action, the unrealized loss has almost been completely erased.