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🚨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