Ether Whales bet $100M after US Airstrike on Iran
Ether whales are investing heavily in the cryptocurrency, with one whale opening a long position of over $101 million using 25x leverage at an entry price of $2,247. This position has generated over $900,000 in unrealized profit but incurred over $2.5 million in funding fees, facing liquidation if Ether drops below $2,196. Another whale withdrew over $40 million worth of ETH from Binance, increasing total holdings to $112 million. Ether's price fell to a one-month low of $2,113 amid geopolitical tensions following US airstrikes on Iran. Approximately 64% of top cryptocurrency traders are currently shorting Bitcoin and Ether, while most investors remain cautious due to ongoing uncertainties. The staked Ether supply reached a record high of over 35 million, indicating a trend towards holding rather than selling. Analysts suggest that market recovery will depend on the resolution of geopolitical issues.
