🚨【Giant Whales’ Short-Covering Tide Is Still Going—Continuing!】🚨

After today’s large-scale short-covering wave around 3 a.m., on-chain monitoring shows that another batch of giant whales has just made moves—continuously closing BTC and ETH short positions.

Let’s look at the latest data excerpts (as of press time):

· BTC short positions closed by buying: $5.9446 million, $8.6785 million, $10.0323 million
· ETH short positions closed by buying: $2.5321 million
· At the same time, some BTC sell-to-close long positions ($1.0587 million, $1.0345 million) and ETH sell-to-open shorts ($3.4863 million)

📈 Notably, after the short-covering wave at 3 a.m., ETH briefly broke above $2,340, and BTC surpassed $79,000. Although there has been some pullback for now, this batch of short-covering whales has not taken the next step yet—if they decide to flip and go long, it could push prices higher again.

Overall, large-size short-covering still dominates, and it’s mainly concentrated in BTC. The bulls and bears are still fighting it out, but the shorts are being rapidly “kicked out.”

This level of continuous large-scale short-covering is often a precursor to a trend shift or a period of intense turbulence. Are the giant whales choosing to consolidate their cover because they sense something? Are you also watching this on-chain signal?

📌 Reminder: In the leveraged market, risk control comes first. Follow the smart money, but don’t blindly copy trades. $ETH