On chain data just recorded an extremely bold move from the infamous whale 1011 Insider as he continued to pump another 10 million USDC to expand his bullish bet on $ETH
š¹ Specifically this whale opened a massive Long order with a volume of over 9,000 ETH worth about $26.8 million right at the price of $2,959 using 5x leverage showing absolute confidence in the upcoming recovery momentum
šø Notably the liquidation price of this position lies far below the $1,888 zone a quite large safety margin helping this whale withstand strong market shakes without fear of account blowout
š¹ This aggressive accumulation action took place right after ETH corrected below $3,000 reinforcing the belief that this is just a Shakeout before Ethereum enters a new growth wave thanks to technical upgrades
šø An insider whale continuously stacking large Long orders is often an early indicator that smart money is positioning itself to anticipate upcoming good new
Do you dare to follow this insider whale to Long $ETH at the $2,900 price zone or still worry about crash risks?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
