Whale Accumulation of ETH and Dogecoin: What Do On-Chain Data Reveal?

Question

【CryptoWorld】The market is making big moves again. A well-known long-term holder of crypto assets recently significantly increased their long position in Ethereum, with a total holding of 120,094 ETH, and a liquidation price set at $2,234.69 — this number indicates a strong bullish outlook, especially considering there’s still plenty of room above the current ETH price of $3,193.

Meanwhile, Ripple officially announced its annual flagship Swell conference is scheduled for October 27-29, again in New York City. Notably, this will be the first time the conference is held in the same city for two consecutive years, highlighting Ripple’s emphasis on the New York ecosystem.

Trading activity is also volatile. Ahead of the upcoming major decision by the Federal Reserve, traders are adjusting their positions accordingly, causing the spot trading volume of Dogecoin to surge by 61%. Since November 21, Dogecoin has been oscillating between $0.131 and $0.156, with the volatility range noticeably widening — often a sign that market participants are in a state of high uncertainty.

CoffeeNFTs · Accepted Answer

120k ETH directly all in, this guy really isn't afraid, such a big bet... By the way, with the liquidation price so low, how calm must one's mindset be?

The surge in Dogecoin trading volume is quite interesting, it seems retail investors are about to get cut again.

Ripple has held conferences in New York for two consecutive years, it seems they've really bet on the US.

RealYieldWizard · Answer

This move by the big players is really promising, with liquidation prices pushed so low... But on the other hand, whenever the Federal Reserve stirs things up, Dogecoin's trading volume can increase. This market really runs on sentiment.

MetaNeighbor · Answer

Whales are buying the dip with 120K ETH at 2234? This brother really has confidence in the future market. If he bets right, he's going to make it big.

BridgeTrustFund · Answer

Large investors really went all in this time, throwing 120k ETH into it. Did they see some good news? Or are they just betting on the Fed cutting interest rates?

Rugpull幸存者 · Answer

Liquidation price 2234? Is this guy really bearish, or is he just doing arbitrage?

GweiWatcher · Answer

The big whales are adding to their ETH holdings so aggressively, they must really be optimistic about the market... However, the liquidation price is only 2234, how strong must their mentality be to handle that?

InfraVibes · Answer

This move by the big players is really incredible, over 120,000 ETH just thrown in like that... The liquidation price is 2234, and I think this guy has absolute confidence in ETH.

AirdropFreedom · Answer

Large investors increasing their ETH holdings indicate that some people are optimistic about the future market, but I am more concerned whether Dogecoin's sharp increase is a genuine surge or a sign of being manipulated before a drop.