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Ethereum Whales Open Long Positions Despite Losses
Ethereum whales are displaying no indications of retreat, irrespective of heavy liquidations amid market turbulence. Hence, the on-chain data suggests that the Ethereum whales are opening long positions despite the staggering losses. As per the data from Onchain Lens, Bitcoin OG (10/11) has opened a $26.8M $ETH long while Machi has started a 25x $ETH long. This re-entry with aggressive long positions presents a huge confidence. The data indicates that the popular Ethereum whale Bitcoin OG (10/11) has started a noteworthy long $ETH position. In this respect, the whale has deposited up to $10M $USDC tokens into ... (full story)
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