In the past 24 hours, on-chain monitoring has detected unusually frequent activities from whales, totaling over $500 million. The most aggressive is Machi Big Brother, who opened a 25x leverage long position with 21,900 ETH and a 40x leverage long position with 50 BTC, with a total exposure exceeding $100 million. This guy has already made $32 million; truly bold and skilled.
In addition to high-leverage players, there are large holders quietly accumulating assets. Someone transferred 35,000 ETH to a Coinbase institutional account, worth $160 million. This kind of operation generally signifies a long-term holding intention, not planning to sell in the short term. Another person withdrew 25,600 SOL from Binance, worth $4.94 million, also a sign of preparation for long-term holding.
Why are these whales making a big entry now? The technical aspects are indeed good, Bitcoin has just reached a new high, and Ethereum is about to break through; various indicators show a bullish dominance. But perhaps more importantly is their judgment about the future, believing that the bull market is not over yet and that it's not too late to enter now.
Interestingly, different whales have completely different strategies. Some prefer high leverage to gamble on the short term, with high risks and high rewards. Others prefer to steadily accumulate coins and wait for appreciation. This reflects the diversity of the market and indicates that it is indeed a period of both opportunity and risk.
It is important to note that today's whales are different from those in the past. Previously, one large holder could manipulate the market; now the market has grown, and the influence of individual whales has decreased. Moreover, today's whales are more professional and use various complex strategies, such as cross-platform arbitrage and futures arbitrage. It is becoming increasingly difficult for retail investors to follow whale operations.