$ETH 1011 Insider Whale Reemerges, Opens $27 Million ETH Long Position With 5x Leverage

On 07/12, the market just witnessed a bold accumulation move from a famous wallet nicknamed 1011 Insider Whale. This whale deposited an additional 10 million USDC into the derivative platform.

🔸 Immediately after, they used 5x leverage to open a Long position with a total size of 9,010.4 ETH equivalent to approx $26.8 million USD. Entry Price $2,959.4; Liquidation Price: $1,888.2.

🔸 Unlike reckless gamblers using high leverage, this whale chose moderate leverage 5x with a liquidation point deep in the $1,888 zone. This indicates confidence that ETH has bottomed out and is unlikely to crash below $1,900 in the short term. This move stands in stark contrast to the Short orders appearing in the market.

In this indecisive market, will you side with the Insider Whale betting on ETH recovery, or do you fear a structural breakdown?

News is for reference, not investment advice. Please read carefully before making a decision.