Whale Boosts ETH Long Position to $146M, Holding 34,121 ETH
Three hours ago, a major perpetual futures whale increased its Ethereum (ETH) long positions, bringing total holdings to 34,121.49 ETH (approx. $146 million). According to monitoring by Ai Yi, the trader rolled over its contract positions, maintaining them in a perpetual state. The whale operates through two addresses: 0xd076…27bb holds 23,368.54 ETH at an average entry price of $4,315.19, with a liquidation price of $4,177.68 and a remaining margin buffer of $123; 0x5f72…da67 holds 10,752.94 ETH at an entry price of $4,334.10, liquidation at $4,256.30, with $43 margin buffer. This substantial increase in ETH long positions signals the trader’s confidence in near-term price gains but also highlights potential liquidation risk given the narrow margin buffer.
Bullish
A whale’s decision to raise ETH long positions to $146 million indicates strong bullish sentiment and potential upward momentum. Historically, significant whale accumulation in perpetual futures often precedes price rallies by increasing buying pressure and drawing market attention. The entry prices around $4,315–$4,334 suggest confidence above recent support levels near $4,200. However, narrow margin buffers of $123 and $43 heighten liquidation risk if prices dip sharply, potentially triggering forced sell-offs and volatility. In the short term, this large position could underpin ETH price gains; long term, continued strength depends on broader market dynamics and macroeconomic factors. Similar accumulation ahead of ETH’s 2021 rally underscores the potential for upward moves, provided liquidation events are avoided.