Real money is being poured in; the splash of whales entering ETH has already hit our faces!
Brothers, simply put, there has been a 'big shark' in the crypto world these past few days, making quite a stir:
Spending lavishly: A mysterious big player or organization has, in just 48 hours, thrown around more than 64 million dollars, acquiring 18,557 ETH in one go! The average cost comes to about 3,451 dollars each.
Ample ammunition: Where did this more than 64 million dollars come from? 47.28 million was withdrawn in real cash from Cryptocom and Cumberland (both well-known OTC trading giants/institutions in the circle).
Leverage maximized, confidence booming: More intense operations are yet to come! This big player didn’t rest after buying ETH; they immediately collateralized the purchased ETH on the lending platform Aave, borrowing 16.75 million USDT, and then... continued to buy more ETH! This operation is a classic “using a house as collateral to buy another house” in the crypto world.
Strong financial backing: This big player/institution now holds 38,000 ETH, which is worth up to 135 million dollars at current prices! An absolutely whale-level position.
My personal opinion:
This is not child's play: Concentrating on buying 64 million dollars in two days is not retail behavior; it’s a solid signal of institutional-level capital entering the market. The goal is clear: ETH.
Leverage is a double-edged sword but shows determination: Collateralizing ETH to borrow money and buy more ETH involves considerable risk, but it also indicates that the buyer is extremely optimistic about ETH's future, even willing to take on liquidation risks to increase their position. This kind of 'All in' confidence is worthy of our attention.
What are the movements of 'smart money'? Institutions like Cumberland usually serve large clients/hedge funds, offering huge amounts of USDT to buyers, which may indicate that more professional capital is positioning itself behind the scenes. Remember at the beginning of 2023, there were also large whales continuously buying and collateralizing ETH at low points, later resulting in nearly a 50% increase in ETH. History may not repeat itself simply, but the strategies and determination of large funds are worth referencing.
Potential impact: 38,000 ETH is not a small number; if it is concentrated and not sold, it significantly reduces market circulation. If market sentiment aligns subsequently, such whale positions may become the 'fuel' driving price increases. However, if the market turns, the whale’s leveraged positions may also become the source of a sell-off, which requires caution.
'Whales have already taken the stance of 'ETH bullish commander'; do you see this leverage gamble positively? Is it a call to action for a bull market, or an aggressive risk game? Share your thoughts in the comments!
If you feel helpless and confused about trading right now and want to learn more about cryptocurrency and first-hand cutting-edge information, click on my profile and follow me, so you won’t get lost in this bull market!
