🚨Whale collective short covering and going long! ETH firmly holds at 2222, light positions show buy signals!



Brothers, there have just been intense movements on the chain!

Whales are quietly “buying to cover shorts,” significantly replenishing short positions, and even starting to build long positions.

Based on the data in the images:

🔹 ETH buy to cover shorts: $7.04M
→ Has not broken below the 2222 support line, strong support here

🔹 BTC buy to cover shorts ×3: nearly $9 million in total
→ Simultaneously, $2.1353 million opened long positions

🔹 ZEC open long: $1.0805 million
→ Funds are starting to spread out and build positions

⚠️ Although there is still a BTC sell to open short (1.08M)
but overall, the trend has shifted from a one-sided short to a structure of short covering + trying longs.

👉 Conclusion:
Light positions can try going long, ETH’s 2222 is the lifeline, strictly stop-loss if broken.

The signal on the left has appeared, wait for confirmation on the right, don’t FOMO, set stop-losses and test the waters.

$ETH
ETH-0.87%
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RiceFlowerFungus
· 3h ago
Shorting and going long are two different logics—shorting is for stop-loss, while going long is for betting. ETH 7.04 million in short positions dominates, while the actual long positions are only 2.13 million BTC; the signal is to reduce shorts, not to add longs.
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