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A big whale's recent actions on Ethereum are quite interesting. According to on-chain data, a whale used a dual-wallet strategy to quickly deploy $7 million into ETH longs at a price of $3,332, also leveraging up. Currently, Ethereum has pulled back 2%, and this position is already floating at a loss of $140,000.
Interestingly, this happened just as ETH was rallying 10%. Is this whale really optimistic about the future, or is it a contrarian move betting on a reversal? From the whale's behavior, large funds continuing to add positions at high levels usually indicate confidence in the subsequent trend — but in a leveraged environment, even a small 2% correction can eat into a significant portion of unrealized gains. Is this a smart strategic move by the smart money, or is it a bit too aggressive?