A whale's unrealized losses on Ethereum long positions have decreased to $16.13 million, according to on-chain analyst Yu Jin. The whale, who shorted ETH following CZ's ASTER holdings disclosure, was close to liquidation when ETH hit $2623 on November 21, resulting in a $44 million unrealized loss. The subsequent rebound has reduced the loss by $27.87 million. The whale needs ETH to reach $3200 to break even.