Awakening of the Dormant Whale: Accepting Losses or Pre-planned?
A whale that has been dormant for a year suddenly awakens, just placing a bet of 7,182 ETH on Lido, worth approximately 18.08 million USD. But did you know that when it initially bought this batch from Binance, it was valued at as much as 22.96 million? Now facing a floating loss of 4.87 million, it chooses to continue betting; is this accepting defeat, or is it optimistic about the future?
From the on-chain perspective, it is not 'cutting losses', but rather putting ETH into a long-term staking pool—this means it is betting on a cyclical return rather than short-term speculation. Either it knows something we don't, or it truly doesn't care about the current floating loss, aiming for a doubling.
The key question arises: when you see the whale losing money and betting again, do you choose to follow or continue to observe?
Is this faith? Or is it a high-probability bottom signal? Feel free to discuss in the comments—where do you stand?
