Are Whales Done with the ETH Dip? 🐋📉
The on-chain data for February 2026 is showing a massive "De-risking" move by Ethereum whales. After ETH failed to reclaim the $3,000 level last week, large-scale addresses have started rotating capital into stablecoins to hedge against further volatility.
The Alpha:
• Short Positions: A major whale (address 0xd47...) recently closed a massive short with $8.5M profit, signaling a potential local floor—but not a full reversal yet.
• Volume Shift: We are seeing capital flow from ETH into Layer 1 alternatives like $VANRY and $XPL for better risk-adjusted returns.
• Key Support: Watch the $2,300 level. If whales stop de-risking here, we could see a "dead-cat bounce" back to $2,600.
Are you de-risking with the whales or "buying the blood"? Let me know below! 👇
#WhaleDeRiskETH $BTC $ETH $ETH #Write2Earn #btc #ETH #BinanceSquare
