$NVDAon
Two large Ethereum whale addresses have built massive long positions totaling 120,000 ETH, currently valued at approximately $219 million, signaling strong bullish conviction in Ethereum.
đ Position Breakdown
Total Position Size: 120,000 ETH
Total Value: ~$219 million
Average Entry Prices:
Address 1: $1,991.53
Address 2: $2,012.11
Liquidation Prices:
Address 1: $1,362.75
Address 2: $1,350.22
Funding Fees Paid: $472,000
đ What This Means
1ïžâŁ Strong Bullish Positioning
Both addresses entered near the $2,000 level, suggesting confidence in further upside. These are leveraged long positions, meaning they profit if ETH rises.
2ïžâŁ Liquidation Risk Zone
The liquidation levels around $1,350â$1,360 are critical. If ETH falls toward that range, forced selling could occur, potentially accelerating downside volatility.
3ïžâŁ Funding Fees Insight
Paying $472K in funding indicates they are likely long in perpetual futures markets. When longs pay funding, it typically means the market has a bullish bias.
đ Market Implications
Large whale accumulation can act as short-term price support.
However, heavy leverage introduces liquidation cascade risk if the market turns bearish.
Traders will likely monitor the $1,350 zone as a key structural support level.
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