Whale address big move: opened a new 20x ETH long position worth $9 million, continuously placing $10 million buy orders

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【BlockBeats】According to on-chain data monitoring, within the past hour on January 22, a whale address starting with 0x61c made a big move. This whale opened a 20x leveraged ETH long position, with the position size directly reaching $9 million, at an average price of $3005. Even more astonishing, it currently has 100 buy orders in the $2960 to $2980 range, totaling about $11 million, showing strong confidence in this price level.

Tracing back the operations of this address. Earlier, it deposited $5.106 million into an exchange, then opened a $36.27 million BTC long position, while also placing $36.87 million in ETH, SOL, and AVAX short positions. The long and short positions are roughly balanced, with the entire account reaching a total position size of $73.15 million. However, it’s worth noting that the ETH short position was closed at break-even at 14:00 today. The series of operations behind this are quite interesting, indicating that this whale has its own judgment on the current market.

ETH3.04%
BTC4.3%
SOL3.76%
AVAX4.68%
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PumpDetectorvip
· 01-25 08:43
ngl the grid buying pattern here screams psychological warfare... 100 orders at that level? that's not confidence that's *positioning*. been watching this 0x61c since mt gox days and this smells like they're testing liquidity before the real move
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CryptoCross-TalkClubvip
· 01-24 13:52
Laughing out loud, this guy is playing "I'll set the market price," right? Using 20x leverage to place a 11 million dollar order, is he going long or betting that Xu Xiaoping will call the shots in the afternoon? Long and short hedging over 70 million, this is the real "want both," while us retail investors can only "want neither nor."
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UncleWhalevip
· 01-22 09:42
This whale is playing hard, with a $9 million ETH long position multiplied by 20 times, and still dares to place a $11 million buy order. The mental resilience is incredible.
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metaverse_hermitvip
· 01-22 09:39
Whale's move is quite interesting. The 9 million ETH long positions added with 100 orders clearly indicate accumulation at the bottom.
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BlockchainGrillervip
· 01-22 09:18
This whale is really ruthless, adding 9 million USD long positions and 100 buy orders. They are determined to hold this price level.
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