The giant whale increases its position against the trend $ETH : Is it a bottom signal or increasing risk?
According to the latest data, the large holder known as "1011 Insider Giant Whale" has increased its long positions by approximately 15,300 ETH in the past 24 hours, bringing its total ETH long positions to nearly 191,000 ETH (about $600 million).
In addition to its holdings of 1,000 BTC long positions and 250,000 SOL long positions, the total position size of that account has reached as high as $723 million. However, currently, its ETH long positions are facing an unrealized loss of about $4 million, and the overall cumulative unrealized loss has reached $7 million.
From a personal perspective, this behavior is quite intriguing. Against the backdrop of significant unrealized losses in overall holdings, the giant whale chooses to continue increasing its ETH positions, which can typically be interpreted in two ways: one is that it firmly believes that the current price level has long-term value and is "buying the dip"; the other is that it may possess internal information or technical support logic that the market has not fully digested yet.
However, the total position size of $723 million and the unrealized loss of $7 million also expose a huge risk exposure. For ordinary investors, the actions of the giant whale are worth paying attention to, but it is not advisable to follow blindly.
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