ETH surged to 3000 in one day, what is the whale doing?
Answer: This address added 10 million in margin, raising the liquidation price of ETH from 3100 to 3875.
1. This address has been analyzed multiple times before; it is currently the only publicly exposed and clearly identifiable "Ethereum whale" address. Over the past six months, it has netted 84 million dollars through several million dollars' worth of long-term contract operations, having already recouped its investments and withdrawn profits.
2. However, this time is quite unusual — it surprisingly failed to predict this surge; during the rise of ETH from 2600 to 3000, it made no moves and watched the market climb until the liquidation price approached, forcing it to urgently add 10 million in margin, raising the original liquidation price from 3100 to 3875 dollars.
3. Currently, the total market value of this position is approximately 43.55 million dollars, with an unrealized loss of about 10 million dollars.
4. ETH is currently at the round number of 3000 dollars, and it is expected to undergo repeated fluctuations and corrections before it can truly break through. The short-term potential downside mainly comes from new coins like PUMP, WLFI, etc., but in my personal judgment, it is almost impossible to drive it back down to the whale's opening price of 2256 dollars. Don't forget, this price point was achieved only after "Trump used top bombers to strike nuclear facilities."
