#CryptoRoundTableRemarks 🔥 ETH Rally & Market Signals
ETH open interest on derivatives has hit record highs (~$41.5 B or 14.94 M ETH) as futures traders pile into long positions, signaling growing bullish momentum .
On-chain metrics also show rising activity (~431K daily addresses) and whales holding steady, reflecting confidence and reduced profit-taking .
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🌊 Whale Action: $11M Leveraged Bet
A major whale opened a $11.15 M leveraged long at $2,758 (≈4,000 ETH, 25× leverage). By June 11, ETH rose to ~$2,850, giving that position ~$366K unrealized profit .
This whale’s timing coincides with ETH breaking out of a technical bull-flag pattern, targeting a ~30% rally to ~$3,670 by late June .
