on-chain data: ETHereum Whale bets $100 million in the US-Iranian hostile situation

Gate News bot news, according to NewsBTC, on-chain data shows that an ETH “Whale” got on board at a price of $2247, using 25x leverage, built a position worth $101 million in longs. The transaction ultimately made a profit of about $950,000, but also incurred fees of $2.5 million. These numbers are enough to illustrate how high the risk is.

The report stated that retail investors often sell off when prices fall. However, these Whale investors have the ability to cope with market downturns. Their large purchases indicate that they feel the current price level is very valuable. However, short sellers may not think so. They hold a large number of short positions, expecting ETH to fall further before rising.

Experts say that large holders usually have a lower breakeven point. They can afford to wait for several months or even years. Some holders also use complex strategies across multiple markets, making their moves difficult to interpret from the outside. However, when $112 million is at risk, it seems to imply that savvy investors have sensed the buying opportunity.

The article concludes by stating that investors will closely monitor every market fluctuation. If geopolitical tensions ease and large funds continue to be bullish, ETH may stand firm above $2200. However, another shock - whether political or technical - could lead to another sharp price drop.