An active ETH whale account has recently made a big move again. In the early hours, this large holder reopened a long position, with contract position data showing it is holding 4,100 ETH at 25x leverage, with an opening price set at 2940.27 and a liquidation price at 2698.71.

Speaking of this address, market observers are no strangers—it's like a cockroach that never dies 🪳, always appearing whenever the market fluctuates. The size of this position and the leverage multiple are enough to influence short-term market sentiment. From the opening price to the liquidation price, the space between them suggests that this whale has quite a bit of confidence in ETH's recent rebound.

For traders who focus on contract movements, changes in the holdings of such large accounts often reveal some clues about market sentiment. After all, when such whale accounts frequently adjust their positions, it often indicates that some key market nodes are about to arrive.