Ethereum Updates: Major Whale Amasses $140M in ETH Despite ETF Withdrawals, Igniting Market Discussion
- Ethereum whale "66kETHBorrow" deposits $140.2M in ETH into Binance and Aave V3, amassing 385,718 ETH ($1.33B) since November. - Whale's leveraged strategy includes $120M USDT borrowing from Aave, signaling high-conviction bets on ETH's price recovery amid market volatility. - Analysts debate risks vs. resilience: Some praise "4D chess" tactics, others warn of "speedrunning liquidation mode" due to aggressive leverage. - Whale's actions contrast with $183.77M ETF outflows, creating uncertainty as accumula
A prominent
Known as "66kETHBorrow," the whale has accumulated 385,718 ETH (worth $1.33 billion) since early November,
Experts are split on the significance of these moves. Some interpret the strategy as a confident wager on Ethereum’s long-term strength, with crypto analyst Joe @SelfSuccessSaga describing it as “4D chess”—alluding to highly sophisticated trading strategies. Others highlight the dangers of heavy leverage, joking that the whale is “speedrunning liquidation mode.” These actions stand in contrast to recent ETF outflows, which
The market’s response to the whale’s activity has been mixed. While ETH’s price has steadied near $3,480, some traders believe ongoing accumulation could trigger a short-term price surge. On-chain data from CryptoQuant indicates
The whale’s upcoming actions may determine if this accumulation sparks a broader market recovery. Should the $120 million USDT recently moved to Binance be used to buy more ETH,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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