🐋 A whale has entered the market again.
Lookonchain data shows that the address pension-usdt.eth has opened another 20,000 ETH long position at 2x,
entry price $3,040, liquidation price directly pulled to $1,190.
It is clear that this is not a bet on short-term fluctuations,
but rather funds that can withstand pullbacks and are bullish on ETH in the long term.
At least one thing can be confirmed:
👉 Positions of this level are not afraid of short-term washouts.
✅ 2x + Deep liquidation price = Strong risk control
A liquidation price of $1,190 indicates that this position allows for significant volatility in ETH, resembling a "trend-oriented long position" rather than a high-leverage directional bet.
📈 Large funds' medium to long-term confidence in ETH
Repeatedly building positions at current price levels, rather than making a one-time gamble, shows a long-term judgment on the value and ecosystem of ETH (staking, L2, ETF expectations, etc.).
⚠️ Does not mean short-term will definitely rise
A whale's confidence does not equal an immediate market surge. Short-term fluctuations and pullbacks are still possible, but this type of behavior is a bullish signal for the "emotional bottom" and "structural bottom."
The focus is not on the position itself, but on the structure and mentality of the position:
Not chasing highs, not using high leverage, and leaving enough room for pullbacks is the real way to survive in trading.
