The 1011 Insider Whale portfolio raised its balance of Ethereum (ETH) to 203,340 Ethereum worth 578 million dollars.
This center carries an unrealized loss exceeding 60 million dollars.
Before the cancellation of the mortgage and the redistribution of the portfolio, execution was planned.
High leverage increases the likelihood of profit and the risks of liquidation alike.
Cointelegraph reported on the movements of a whale known as 1011 Insider Whale, which is under close scrutiny. This whale has reinforced its already large position in Ethereum over the past twenty-four hours. Its total holdings rose to 203,340 $ETH worth approximately 578 million dollars. This expansion comes at a time of market uncertainty, reflecting a clear bullish stance towards Ethereum despite current price pressures.
Ignoring losses does not stop the strategy.
This growth has not been without pain. The whale is currently sitting on an unrealized loss estimated at around 61 million dollars. It has been noted that the average entry price was about $3,147 for each ETH, while current prices are lower than that. Instead of reducing risks, the trader chose to increase the position size. This indicates greater confidence in a medium or long-term recovery, not in the immediate price movement.
Chain data shows preparations made before executing the deal. Eight days before opening the buy position on Ethereum, the whale unwound a mortgage $ETH . Shortly thereafter, an airdrop of 614,468 ETH worth approximately 1.8 billion dollars was distributed across nine wallets. These steps reflect a conscious deployment of capital, not an improvised trade. Usually, major players reorganize liquidity before entering high-leverage positions.
Parallel buy positions reflect optimism for the market as a whole.
The Ethereum position is not singular. The whale also holds 1,000 $BTC in a 5x leveraged buy position worth approximately 87 million dollars, in addition to 250,000 SOL in a 20x leveraged buy position worth approximately 31 million dollars. This diversified exposure indicates confidence in the most important digital assets. It seems the trader is betting on a comprehensive market recovery, not just a recovery specific to one token.
This strategy is based on leverage. High leverage contributes to speeding up gains when the market performs well, but it multiplies losses if the price continues to decline. The price of Ethereum recently fell below 3,000 dollars due to macroeconomic factors and sensitivity to interest rates. Continued declines may increase liquidation pressures. Here, the whale takes a risk in search of potential asymmetric upward gains.
Whale movements affect trader sentiment.
Traders tend to follow the movements of large wallets. This expansion reinforces a bullish narrative among some market participants. However, it is also a reminder that conviction alone is not enough for success. Even large investors with substantial capital may face sharp declines. The next big step in the Ethereum position could make this strategy legendary or turn into a costly move.
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