Whale Activity Analysis: $31 Million ETH Long Decision Shakes the Market
A major speculation emerged in the cryptocurrency market after the revelation of a long (buy) position in Ethereum ($ETH) with massive volume.
Current ETH Long Position
According to the data visible in the screenshot, a trader referred to as an "insider" has opened a position:
Asset: Ethereum (ETH)
Type: Long with 20x Leverage
Position Size: 10,000.00 ETH
Position Value: $31,357,000.00
Entry Price: $2,818.35
At this time, the trader is reported to have recorded:
Unrealized PnL: $3,173,429.79
Percentage Profit: 202.41%
Shocking Trading History
What makes this activity interesting is the trader's track record. It is reported that they previously made profits of over $30 Million by shorting the market, just before the last major market crash.
🤔 Crucial Question: What Do They Know?
The trading actions taken with such high confidence and volume, especially by an individual with a successful track record in predicting major market movements (shorting before a crash and now long in tens of millions), raise significant questions within the crypto community:
Does this trader have exclusive information regarding upcoming fundamental developments in Ethereum or macro market movements?
Investors are now closely monitoring the price movement of ETH above the entry price of $2,818.35, making it an important support point that could confirm this trader's strong belief in the next price increase $ETH .
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