A cryptocurrency whale, identified by the address 0xa523, has incurred losses exceeding $23 million within a week but continues to maintain a significant long position in Ethereum (ETH). According to Lookonchain data, the whale recently added 20,800 ETH, valued at $92.8 million, to its holdings at prices ranging from $4,450 to $4,470. The whale's take-profit target is set at $5,300, while the liquidation threshold is at $4,297.67, indicating a high-risk strategy.