Giant Whale's Gamble: Increasing Position by 10,000 Coins $ETH Against the Market, Betting Nearly $600 Million on Longs
At a time when the market is generally worried about this week's US CPI data and the potential for interest rate hikes by the Bank of Japan leading to a new round of declines, on-chain data captured a stunning reverse operation.
Known as the "1011 BitcoinOG", the ancient giant whale has again increased its long position by 10,000 coins $ETH in the past hour. As a result, its publicly disclosed ETH holdings have risen to a total of 190,935 coins, with a total value approaching $600 million and an average acquisition cost of about $3,167.
This is not a one-time gamble, but the execution of a sustained plan. Previously, this whale had placed buy orders for 40,000 coins $ETH in the $3,030 to $3,150 range, all of which have been executed. Data also shows that the group of whales holding between 10,000 and 100,000 coins of ETH has quietly increased its total holdings during the recent market correction. This may indicate that some large funds view the current fluctuations and concerns as a window to accumulate positions.
The market is holding its breath for an answer: Is this whale, who accurately positioned short before the "1011" crash, now betting such a huge amount on long positions, stubbornly going against the trend, or has it sensed a potential turning point that the market has yet to price in? This week's macro events are likely to serve as a touchstone for validating its judgment.
While the entire market is looking up to the whales' movements, trying to decipher the future price codes from their positions, another way of creating the future is steadily unfolding.
For example, the community @Max Charity . They do not predict market fluctuations, nor do they rely on macro turning points, but instead continuously build a "value position" based on real social needs—constantly "adding positions" to the education of children worldwide. Every donated tablet and every new #GiggleAcademy user is a solidly growing "asset" within this position. While the giant whales are playing around price turning points, they are quietly creating a certain future. #Max
