Ether whales are betting hundreds of millions of dollars on the prices of the second world cryptocurrency despite the geopolitical tensions that have sidelined investors and mitigate risks.
A whale (a large cryptocurrency investor) opened a long ether (ETH) position of more than $ 101 million with a 25x lever effect at the entry price of $ 2,247, according to the Malaurrscan blockchain data.
The investor generated more than $ 900,000 in unpaid profits, but paid more than $ 2.5 million in funding costs. Its position should be liquidated if Ether’s price falls below $ 2,196.
The leverage gamble was opened a few hours before a second whale withdraws from $ 40 million from Eth from Binance, reaching a total of $ 112 million in ETH holdings, according to the ONCHAIN blockchain data supplier.
The activity occurs when Ether collapsed a low month by $ 2,113 on Sunday, after US air strikes on Iranian nuclear sites. US President Donald Trump called “spectacular military success” attacks and warned new strikes unless Iran accepts peace, Reuters reported.
The two countries have been engaged in a strategic missile war since June 13, when Israel launched several strikes on Iran, marking its greatest attack on the country since the Iran-Iraq war in the 1980s.
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Most Bitcoin traders (BTC) and Ether expect another correction after the last climbing of the current conflict.
About 64% of the most successful cryptocurrency traders in the industry are currently in charge of the two largest cryptocurrencies in the world, while only 36% remain long, according to the best hyperliquid traders followed by Hyperdash.
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Ether investors in “wait” mode
Most ether investors are currently sidelined due to the ongoing geopolitical tensions and monetary uncertainty, according to Nicolai SONDERGAARD, research analyst at Crypto Intelligence Platform Nansen.
“We also still have a lot of uncertainty on the market, whether macro or war,” said the analyst at Cointelegraph, adding:
“These factors, combined with the fact that if we look at the data from the options, the view is still somewhat neutral, we are always in a sort of waiting stage.”
Binance researchers also awarded the drop in prices to geopolitical escalations, adding that a wider correction can still occur.
“If the familiar” panic-powerful “model” will re-emerge on the speed with which the geopolitical story cools “, according to a Friday report by Binance Research. “Macro -axed withdrawals are always treated as opportunities – not signs of a broader directional reversal,” said the report.
On Tuesday, the marked ether offer reached a new summit of more than 35 million people, indicating that the Vendable Ether offer decreases as investors are preparing to maintain their ETH to generate passive return rather than selling at current prices.
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