$ETH

Whale’s Massive Long Position Fuels Volatility (Bearish Signal)

Overview: Prominent trader Huang Licheng, widely known as “Machi Big Brother,” initiated a $100 million long position on Ethereum at $4,662. The trade is currently facing an unrealized loss of $2.22 million.

Implications: Highly leveraged whale positions like this amplify market risk, particularly during price swings. With $1.19 billion in long positions vulnerable to liquidation below $4,400 and $928 million in short positions above $4,700, the market is precariously balanced.

Such large positions can trigger cascading liquidations during downturns, potentially accelerating downward momentum and increasing volatility.