On chain data just recorded an extremely bold move from the notorious whale named BitcoinOG continuously pumping money into the decentralized exchange to open a massive $ETH Long position
🔹 This whale deposited a total of 70 million USDC to the exchange and used leverage to build a Long position of over 54,000 ETH with an estimated value of about $166.400.000. The continuous adding of orders at $2,970 and $3,020 and $3,060 price zone shows absolute confidence in the upcoming rally
🔸 With a liquidation price far below the $1,800 zone this whale possesses a solid shield against all short-term market fluctuations allowing them to let profits run to the end
🔹 This action takes place as Ethereum ETFs just recorded a net outflow of over $75.000.000 on Dec 6 showing deep divergence between on chain smart money and cautious
🔸The combination of successful Fusaka upgrade and supply scarcity on exchanges is creating an ideal environment for a widespread Short Squeeze that BitcoinOG whale is anticipating
Do you dare to follow this whale to Long $ETH at the $3,000 price zone or worry about liquidity risks?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
