【SBET Buys the Dip on ETH Again! Heavily Invested in 188,000 Coins, Is it True Belief or a High Position 'Lock-up Knight'?】
In just 4 days, they increased their holdings by 6,744 ETH, spending approximately $16.51 million. SBET, a NASDAQ-listed company, is making bigger moves in Ethereum!
As of now, they have invested a total of $493 million, holding 188,000 ETH, with an average acquisition cost of around $2,617—slightly higher than the current market price, resulting in an unrealized loss of about $37.5 million.
Is this 'buying the dip' or 'being trapped'? The key lies in a few signals:
1️⃣ **Long-term logic remains: **ETH is the only smart contract main chain in the US with ETF expectations, the L2 ecosystem is fully exploding, and staking demand remains strong.
2️⃣ **Short-term pressure: **ETH prices have recently been testing the $2,400~$2,600 range repeatedly, with major players engaging in periodic shakeouts.
3️⃣ **On-chain trends are not pessimistic: **Whales are still continuously increasing their positions, and the ETH balance on exchanges continues to decrease, indicating that long-term buying is still robust.
Although SBET's operations are currently showing short-term unrealized losses, they are not 'speculators' but rather are strategically positioned for the future applications and financial infrastructure of Ethereum. If you are a long-term player, you might want to pay more attention to their actions rather than the current profits and losses.
However, blindly following trends in the short term is not advisable; the market is still in a critical decision-making phase. A stable long position can be established in batches, with proper stop-loss points, while observing whether ETH can effectively break above the $2,700 mark.
ETH is not a tool for overnight wealth but rather a stabilizing force for the future Web3 infrastructure.
Follow me to see through the logic of whale positioning, find your own rhythm in the fluctuations, and win at the moment others hesitate!
