A massive activity has been recorded in the cryptocurrency market by one of the largest players. A giant "whale" significantly strengthened its positions, increasing the total amount of the open long position to an impressive $593.6 million. Such a move indicates the unwavering faith of large capital in the further rise of the price of the second-largest cryptocurrency by market capitalization.
According to on-chain analytics data, this investor is using an accumulation strategy during volatility, considering current levels as an ideal entry point before a possible 'rally'. Aggressive increases in margin positions often serve as a leading indicator for the market: when major players risk hundreds of millions, it creates a powerful psychological support level.
For ordinary traders, this is a signal for careful observation. Ethereum continues to demonstrate strength amid network updates and growing institutional interest. If the 'whale' forecast comes true, the market can expect significant growth very soon. However, it is important to remember the risks of liquidation with high leverage.
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