The whale with a 75% win rate in ETH has reduced its position by 20,000 ETH in a short position, turning yesterday's floating profit of 12.25 million dollars into a floating loss of 840,000 dollars. It still holds 30,000 ETH, with an opening price of 3,634 dollars and a liquidation price of 3,701 dollars.

Wow, this whale is playing with fire. Yesterday it was making a fortune, and today it has to cut losses. The rebound in ETH has been too strong, pulling back directly above 3,600 dollars from the low point. Considering last week's liquidation wave among longs, this battle between bulls and bears is truly exciting.

I see that ETH's short-term support is solid. Coupled with institutions aggressively buying 14,000 ETH, if it stabilizes above 3,600 in the next few days, whales might start to chase longs again. Retail investors shouldn't rush into FOMO; let's wait for the signal from the U.S. stock market opening.