#大户持仓动态 Is the whale really confused this time?

Recently, something interesting happened: a big whale on Ethereum was hit with 11 consecutive limit-downs, and their orders kept getting triggered one after another. As a result, after taking heavy losses, they surprisingly turned around and started shorting ETH. This pattern sounds a bit familiar—are they just reversing after being afraid of losing?

This is a classic example of a contrarian indicator. Although whale accounts are large, not every move is a genius. After a series of losses, suddenly switching to short ETH raises questions—are they genuinely bearish on the fundamentals, or are they just being beaten by the market and lost their bearings?

On-chain data shows that the success rate of such large accounts shorting at high levels is actually quite unstable. How will the market move? The key still depends on the subsequent spot flow and the capital movements on exchanges. Sometimes, whale actions become contrarian signals—those who go long in response might actually be catching the bottom.

Do you think this will be another different story this time?