Two whale transactions related to ETH today are quite significant and indicate that large capital is flowing in the same direction.
1. Bitmine continues to accumulate ETH
Bitmine just bought an additional 33,504 $ETH worth approximately 112.06 million dollars.
This move shows that they are still strategically accumulating in the long term, especially since this purchase is quite large and occurs at a time when the market is still very volatile.
2. 1011short increased the long position of ETH to a very large scale
Wallet 1011short – a quite famous character with significant positions – continues to long ETH.
The total current position has reached 120,094 ETH (~392.5 million dollars)
Liquidation price at 2234.69 dollars.
The increase in positions of this organization is often not a FOMO type but an intentional action, especially when the liquidation level is quite deep compared to the current price. This indicates that whales are confident in ETH's ability to maintain the trend or bounce back according to the upcoming narrative.