$ETH 1011 Insider Whale Aggressively Defends Position, Boosts ETH Long To $500M Amidst Dip

On 12/12 reveals an intense psychological battle involving the notorious 1011 Insider whale. Despite a sharp market correction, this whale appears to be DCA rather than cutting losses.

🔸 Defying sell pressure, the whale increased their 5x leveraged Ethereum Long position to a record 160,403 ETH. The total notional value of this single position now exceeds $500 million USD.

🔸 Currently, the wallet total unrealized loss has reached $16 million. All three key positions BTC, ETH, and SOL are bleeding in the red.

🔸 Adding to a position while facing massive losses suggests this whale is going all in on a rapid V shape recovery. This walks a fine line between the conviction of Smart Money and the stubbornness of a gambler chasing losses.

Does this Insider possess secret info to confidently hold a half billion dollar underwater bag, or are they about to become liquidity dinner for the Bears?

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