A very old and well-known Bitcoin whale has just made a bold move.
He opened a $580 million long position on Ethereum, meaning he is expecting ETH price to go up. This is not a small trade — it’s a serious amount of money, and it shows strong confidence.
What makes this interesting is the timing. The market has been slow, prices are moving sideways, and many traders are still unsure. For such an experienced whale to enter now suggests he believes Ethereum is near a good buying zone.
This doesn’t mean price will pump instantly. Even big players can be early. But usually, when OG whales place trades this large, they do it with a clear plan and strong conviction.
Now many eyes are on Ethereum.
If ETH starts moving up, this trade could boost market confidence and bring fresh momentum to altcoins.
Let’s see if this whale really knows what’s coming next. 📈
