The latest data shows that whales increasing their Ethereum long positions have reached a value of about 392 million USD, despite facing some floating losses.
The observation comes from monitoring whale activities in the crypto market, highlighting a growing confidence in Ethereum even while holding positions currently at a floating loss of around 8 million USD.
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Whales have increased their long ETH positions in the past two days.
The current value of the long position is approximately 392 million USD with 86,800 ETH.
This position is currently facing a temporary loss of about 8 million USD.
How have whales expanded their long ETH positions in recent days?
According to monitoring data from Ember, in the past two days, whales have continued to increase their Ethereum long positions. This is a sign that the confidence of large investors in the bullish trend of ETH remains very strong.
Expanding positions often reflects bullish expectations and the ability to hold long-term against market volatility. Although there are temporary losses, whales maintain a positive outlook on ETH.
What are the value and key points of the current long ETH position?
The long ETH position of whales is identified to have a total value of approximately 392 million USD equivalent to 86,800 ETH, with an opening price of 4,608 USD/ETH. The liquidation point of the position is set at 4,342 USD/ETH.
This indicates that whales believe ETH has the potential to maintain a price above the liquidation level, leading them to be confident in holding their positions. The difference between the opening price and liquidation price also reflects cautious risk management.
Why is this position experiencing temporary losses and what does it mean?
Currently, long ETH positions are experiencing a floating loss of around 8 million USD due to short-term price fluctuations below the opening price. Temporary losses are common in derivatives trading when short-term price movements do not immediately align with expectations.
However, large investors often rely on in-depth analysis and long-term plans, so floating losses do not necessarily signal a change in strategy. This further demonstrates the patience and professionalism of whales in risk management.
"Maintaining a long position amidst volatility shows confidence in Ethereum's long-term outlook, while also reflecting the professional risk management capabilities of whales in the market."
– Baker Rogers, Cryptocurrency Market Analyst, Ember Report 2024
Frequently Asked Questions
Who are whales in the cryptocurrency market?
Whales are investors who own large amounts of cryptocurrency and can significantly influence price volatility due to their large transaction size.
What does a long ETH position mean?
A long ETH position is when an investor bets on the price of Ethereum to increase in the future, buying ETH at the current price with hopes of selling for a profit.
Why do whales still hold positions with temporary losses?
Whales usually invest long-term and have risk management plans, thus they can accept temporary losses while waiting for prices to recover.
What does the liquidation point mean?
The liquidation point is the threshold price; if the price drops to this level, the position will be automatically closed to limit larger losses.
How do the opening price and current price affect the position?
The opening price is the initial purchase price; if the current price is lower, the position incurs a temporary loss, but if the price recovers, it will yield a profit.
Source: https://tintucbitcoin.com/ca-voi-eth-mat-8-trieu-usd/
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