🐋 Monitoring on-chain: A wild whale is counter-trend deploying LDO!

Just captured a perpetual contract position worth $3.822 million:
Long, 5x full position, 8.88 million LDO, opening average price $0.43.

Interestingly, the current market sentiment is bearish, LDO has recently been weak, but this whale chose to go long against the trend, and the position is not small.

Meanwhile, in the past 24 hours, the total liquidation on LDO across the network has reached $222,000, with short liquidations totaling $159,000, accounting for the majority.

The whale's margin is $764,400, with the liquidation price around $0.38 (about -11.6% from the current price).
Either there is an "internal script," or it is a gamble on an upcoming volatility.

A small suggestion:
If you want to follow, try a small position first, remember to set stop-loss.
What if it really takes off? 🚀

This is not investment advice, whales can also get wrecked, please judge the risk yourself.
$LDO