🚨On-chain Emergency Alert: ETH Bearish Whales Are "Fleeing En Masse"!



In the past half hour, multiple large ETH short positions have been actively closed, involving astonishing amounts:

📉 Continuous occurrences within a short period:

· Buy to close short $11.76M
· Buy to close short $8.6M
· Buy to close short $7.76M
· Buy to close short $5.25M
· Buy to close short $4.6M
· Buy to close short $3.29M

The total amount of ETH shorts closed alone exceeds $41 million!

Meanwhile, whales are also buying long on BTC, opening positions worth $1.42M, quickly shifting to a bullish stance.

🐋 The intent is very clear: admit defeat on shorts, cover ETH, and simultaneously increase long positions on BTC.

This is not ordinary retail behavior but a typical signal of large investors "stop-loss + shift." Such concentrated short-covering often indicates:

1️⃣ Market sentiment may be undergoing a fundamental change
2️⃣ ETH bearish outlook is being rapidly digested
3️⃣ New bullish forces are gathering

📌 It is advised to closely monitor the next move of ETH/BTC. Whales turning around often are not the end of the trend but the beginning of a new one. $ETH
ETH0.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin