#数字货币市场回升 observed an important market signal: a large investor known in the industry as "1011 Insider Whale" has just injected $132 million into long positions in Ethereum. This action has attracted the attention of various market participants, but there seems to be a complex situation behind it.

This seasoned investor used 5x leverage to purchase about 33,000 Ether at an entry price of $3,897, currently realizing a floating profit of $2.83 million, setting a record of 12 consecutive successful trades. However, it is noteworthy that data from the Hyperliquid platform shows that the overall market short positions account for 54%, indicating that large capital may be engaging in covert hedging, and the massive buying activity could just be a facade.

From a technical analysis perspective, ETH has fallen below the key level of $3900 three times after a short-term surge to $3971. Currently, the EMA7( and EMA30)3888( have formed a death cross. Although the MACD remains above the zero line, trading volume has significantly decreased. $3870 has become the current key defense line, and if it is breached, the price may quickly test the support area at $3780.

Advice for ordinary investors: avoid blindly chasing highs. Large capital increases often attract follow-up trades; a wiser approach is to wait for a pullback to the 3780-3800 USD range and then build positions in batches.

Closely follow the activities of large investors' addresses. If there are signs of position reduction, one should quickly cut losses and exit. Capital management is crucial: a single investment should not exceed 10% of the total capital. For example, if you have $10,000, the initial trial capital should be controlled within $1,000.

Short-term forecasts indicate a possible pullback to $3780, but considering the scale of such long positions, once the trading volume increases and breaks through the upper Bollinger Band at $3986, the next target price may be aimed directly at $4070. Certain indicators of unusual market fluctuations could trigger significant price movements.

Investing in the crypto space requires not blind following, but accurate interpretation of market signals and rational analysis. $ETH