Ethereum whales double down despite $121 mln liquidation: Can $3K hold?
The post Ethereum whales double down despite $121 mln liquidation: Can $3K hold? appeared on BitcoinEthereumNews.com.
Ethereum has yet to make a decisive recovery after falling from its all-time high of $4,953 in September. Present-time data shows the price hovering around $3,000, indicating that investors are currently at a critical decision point in the market. Market data over the past day has largely moved against the bulls. However, liquidity inflow from bullish traders suggests they are not backing down. AMBCrypto’s analysis puts these different factors together in an attempt to make sense of what could come next for Ethereum [ETH]. Whales double down Onchain Lens, in a recent report tracking a popular crypto whale—an investor holding a large amount of funds—identified as “MachiBigBrother,” reveals a unique trading pattern. This whale has doubled down on an ETH long position after losing about $1 million on a previous ETH trade, while recording a broader market loss of $21.3 million. Source: CoinMarketMan Currently, CoinMarketMan’s whale tracker shows that MachiBigBrother has opened a new ETH long position worth $14 million, suggesting a high level of confidence in a potential move higher. While this may serve as a positive signal of a possible ETH rally, it is not a guarantee, especially considering the trader’s most recent losses. As such, this remains a high-risk move. Going bullish could be tricky The recent bet placed by the whale could prove tricky, as long-position holders are still facing heavy pressure in the market. Liquidation data, which helps track potential price direction, shows that going long over the past 24 hours has been largely unprofitable. Investors who opened long positions lost about $121.6 million worth of Ethereum, compared to short traders, who lost just $62.7 million. This means long traders lost nearly twice as much as short traders within the same period, reinforcing the bearish short-term sentiment. Source: CoinGlass Likewise, a similar outlook is visible…
Filed under: News - @ December 8, 2025 2:30 pm