Ethereum Whale Makes $9.63M Strategic Pivot – What’s Next for ETH? 🐋↔️
A major Ethereum whale just closed a 60,040 ETH long position held since December, absorbing a $9.63 million loss. Here’s what happened and why it matters:
📉 The Move:
· Position opened at ~**$2,500** avg (peak value: ~$125M).
· Unrealized loss hit $24M near liquidation during recent dip.
· Whale closed on Feb 9 after market rebound, cutting losses.
🔄 The Pivot:
Immediately after closing, the whale re-entered with a new long position:
· Avg Entry: ~$2,086
· Leverage: 15x
· Position Size: ~$28.6M
· Remaining Margin: ~$34.8M
· Action: Actively adding to position on dips.
🔍 What This Tells Us:
1. Strong Conviction: Despite a large loss, the whale remains bullish on ETH, viewing current levels as a better entry.
2. Risk Management: Closing near liquidation shows disciplined capital preservation—ready to fight another day.
3. Market Sentiment: Large players are using volatility to reset positions at lower averages, signaling confidence in mid-term upside.
📈 Key Levels to Watch:
· Support: ~$2,080–$2,100 (whale’s new entry zone).
· Resistance: ~$2,500 (previous breakdown area).
· A hold above $2,100 could fuel a retest of higher levels.
💭 Final Take:
This isn’t a bearish surrender—it’s a strategic repositioning. When major players absorb losses and re-enter aggressively, it often indicates they see limited downside from here. However, with leverage in play, volatility remains high.
Always do your own research (DYOR) and manage risk. Leverage amplifies both gains and losses.
What’s your read on this whale move? Bullish repositioning or cautious gamble?
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