The whale strikes again! The counterattack strategy of ETH leveraged bulls

On October 5, on-chain monitoring data showed that the whale, who had lost $8.22 million due to leveraged long ETH, struck again as the market recovered. The address withdrew 1,401 ETH (about $3.39 million) from Binance 10 hours ago, deposited it in Compound, and borrowed $2.3 million in USDT to flow into Binance again.

Market impact analysis: The inflow of this fund not only shows the whale's confidence in ETH, but may also trigger other investors to follow, further driving market sentiment higher. Although the whale has experienced significant losses before, its increase in positions at this time shows a strong expectation for ETH's rebound, which may inject more vitality into the market.

Future operation suggestions: The whale currently pledges 2,794 ETH and borrows $4.53 million in USDT, with a health level of 1.23. Once the ETH price falls to $1,965, it will face liquidation risks. Investors are advised to pay close attention to market trends, flexibly adjust positions according to price fluctuations, seize short-term opportunities in a timely manner, and reduce risks.

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