[The giant whale counterattacks! Increased ETH position again, betting up to US$9.36 million]
The latest on-chain monitoring shows that a whale who once lost $8.22 million due to leveraging long ETH has made another move recently, adding 943.5 ETH. Twelve hours ago, he transferred $2.29 million worth of ETH from Binance, then deposited it into Compound and lent $1.7 million, which was then returned to Binance. The whale’s total long position has reached 3,738 ETH, worth $9.36 million.
Market interpretation
This move demonstrates the whale's strong confidence in the future trend of ETH. Although past losses are alarming, he still chooses to increase his position, which may reflect his optimistic expectations for a market recovery. It is worth noting that such large-scale capital inflows and outflows may have a significant impact on market liquidity and prices. Investors should remain vigilant and pay close attention to market dynamics.
In the context of market fluctuations, the movements of giant whales are often important signals guiding trends. Next, whether ETH can rebound and create new highs deserves our continued attention!
