A big player opened a $100 million ETH long position, should I follow?

Just saw on-chain data, the large holder who previously made over $44k on $ETH , entered the market again yesterday. Opened 44k ETH, worth $100 million, entry price $2,289.
What does this operation mean? Is it a bottom-fishing signal, or are the main players trying to lure more traders?
First, look at the market. ETH has been slowly climbing from the bottom recently, the daily chart just broke through some key levels, but the closing price at $2,289 is right on the edge of a breakout. The whale’s cost basis is around here, indicating they are also betting on an upward move.
Next, check the liquidation data. In the past 4 hours, $138 million was liquidated, with ETH accounting for over $46 million, both longs and shorts have been wiped out. Above $2,380, there are many shorts waiting to be liquidated, below $2,320, longs are also holding on. ETH is stuck in the middle, feeling uncomfortable on both sides.
The whale chose to go long at $2,289, likely aiming to profit from a breakout above $2,380 and trigger a short squeeze.
My view: On-chain data can be referenced but shouldn’t be blindly followed. Small positions for trying longs at this level are okay, but stop-loss must be strict—exit if it breaks below $2,230. Don’t add positions until it stabilizes above $2,400. If you don’t understand, just stay on the sidelines and watch, don’t force trades. $ETH