🚨 WHALES ARE ALSO “STUCK” – NOT JUST RETAIL
The latest data shows that the “1011 insider whale” is currently facing a temporary loss of ~39 million USD, as ETH falls below the 3,000 USD mark.
📉 Position structure
– Long ETH, BTC, and SOL with high leverage (cross)
– ETH is the largest position, currently under the most pressure
– The current loss is a floating loss, not yet liquidated but the margin is being quickly eroded
🧠 What does this indicate?
– Whales are not always right on time
– The current market is not simply “whales crushing retail”
– Macroeconomic pressure + low liquidity is causing even large positions to be stuck
⚠️ Implications for the market
As long as whales are under pressure to maintain margin, the market is unlikely to have an immediate sustainable upward movement. Volatility remains high, and two-sided sweeps (long & short) may continue.
📌 Conclusion
This is not a story of who wins or loses, but rather a cycle of rebalancing leverage. The market will only truly recover when weak positions are sufficiently shaken off.
