ETH has been declining all day today, and the market sentiment is indeed a bit tense. Let's lay out the facts, use data and charts to speak, and clarify the logic behind this wave of market movements.



**From the news perspective: Why are large funds still increasing their positions?**

The most notable development is that a leading institution has increased its holdings by 46,000 ETH today. Their total holdings are now close to 580,000 ETH, with an average cost around $3,208. Based on the current price, the paper loss has exceeded $140 million. More intriguingly, they have not reduced their positions; instead, they have borrowed nearly 900 million USDT in leverage from a mainstream lending platform.

This reveals two layers of information: first, large funds are optimistic about the long-term prospects of ETH, and the more it drops, the more they dare to buy; second, leverage is a double-edged sword, and if the price continues to hit new lows, they will also face liquidation pressure, which may exacerbate market volatility.

So don't blindly follow the trend just because you see "institutions bottoming out." They are betting on next year's expectations, while you are operating on tonight's market, which has a completely different time dimension.

**From a technical perspective: Breakout signals have appeared**

Looking at the K-line pattern on the 4-hour chart, the white line and yellow line of the MACD have crossed the zero axis, and the death cross signal is very clear. The 3100 position has long been broken, and 3180 is even further out of reach. The current short-term support is at the 2900 level, but judging from the recent trend, the range from 2950 to 2920 has been tested multiple times, and its stability is weakening.

Based on the current situation, it is highly likely that there will be further testing of the support zone between 2900 and 2880. If this support is also directly broken, there is a deeper support around 2700 waiting. The key still lies in whether the trading volume can cooperate; a breakout with insufficient volume often leads to repeated fluctuations.
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NFTArtisanHQvip
· 2025-12-27 04:10
ngl the whole "institutions buying the dip" narrative is just another layer of the digital provenance theater... sure they're loading up 58k eth but at what cost to the volatility canvas they're painting. the asymmetry between their temporal horizon and ours is almost poetic in its cruelty
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NotGonnaMakeItvip
· 2025-12-26 23:13
Institutions are patient, but retail investors like us can't compare. Using 900 million in leverage and still calmly adding positions, I feel like clearing out at the first limit-down.
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GateUser-75ee51e7vip
· 2025-12-24 04:55
Institutions are still frantically increasing the position, but I'm trembling at the 2900 level. Why is the gap so big?
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CryptoComedianvip
· 2025-12-24 04:43
Crying while laughing, institutions are buying the dip with 900 million in leverage while I'm just buying vegetables at the bottom. --- With 140 million in unrealized losses, still daring to borrow 900 million, that's some guts, let's just say we retail investors are out of it. --- Breaking below 2900? I bet fifty cents that the volume will be insufficient and we'll see a repeat, and then it's time to cut loss again. --- Expectations for next year vs tonight's market, the gap is as wide as the difference between me and Musk, a world apart. --- Death cross, death cross, is MACD acting on me again? Or is it my turn to be played for a sucker today? --- The more institutions fall, the more they buy, the more I fall, the more timid I get, we're all human, why is the gap so big? --- Is there deeper support around 2700? I'm already dreaming at 2900.
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NoodlesOrTokensvip
· 2025-12-24 04:41
Institutions are still leveraging to buy the dip, while we retail investors have to operate in reverse, it's really ridiculous. --- Why is there no trading volume to support the fall to 2700? This back-and-forth is painful to hear. --- Wait a minute, with 140 million USD in unrealized losses, how can they still borrow 900 million in leverage? Are they gamblers or institutions? --- That's quite right, the pros are betting for next year while we are trapped tonight, the difference is really big. --- It's the same logic again, every time there is a fall, we hear "big funds are buying the dip", and then? It's still us who get played for suckers. --- If 2900 can't hold, it's heading straight for 2700, with such weak trading volume, it should have been bearish already. --- It's easy to say not to follow the institutions in buying the dip, but if it really falls through support, who can still hold on?
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gas_fee_therapistvip
· 2025-12-24 04:34
Institutions borrowed 900 million USDT in leverage, which is betting on next year. We retail investors can't afford to gamble.
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GweiTooHighvip
· 2025-12-24 04:28
Institutions leverage 900 million? This is not buying the dip, this is betting on next year. We retail investors are going to be played for suckers tonight, the time dimension is completely reversed.
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