Bitcoin OG Doubles Down On Ethereum With A Massive $209.8M Long – Find Out His Liquidation Price
Ethereum is holding above the $3,000 stage for the fourth consecutive day because the market enters a decisive week dominated by the upcoming FOMC assembly. Traders are cautiously positioning forward of the Federal Reserve’s announcement, conscious that liquidity indicators and price expectations may decide whether or not this restoration continues—or breaks down.
Despite the latest stabilization, concern stays firmly in management. Many analysts warn that if ETH loses the $3K ground, the market may face a deeper retracement, particularly with volatility anticipated to spike across the macro occasion.
Amid this uncertainty, on-chain knowledge from Lookonchain has revealed a placing growth: BitcoinOG, the identical whale who famously shorted the market through the violent October 10 crash, has now dramatically elevated his bullish publicity to Ethereum. According to the information, he has ramped up his lengthy place to 67,103.68 ETH, valued at roughly $209.8 million.
Whale Positioning Adds a New Layer of Volatility
According to Lookonchain, the BitcoinOG whale is now sitting on greater than $4 million in unrealized revenue from his large Ethereum lengthy. His position of 67,103.68 ETH, at the moment valued at over $209 million, comes with a liquidation value of $2,069.49, a stage far under present market situations however nonetheless throughout the realm of risk if macro strain intensifies.
This liquidation threshold is particularly vital as a result of it reveals the whale’s danger urge for food and the way aggressively he’s leveraging this wager. A liquidation stage close to $2,070 implies confidence that Ethereum received’t revisit its deeper vary lows, even because the market stays fragile forward of the FOMC assembly. It additionally exhibits he has a big margin buffer behind the commerce, suggesting strategic positioning moderately than impulsive hypothesis.
However, giant leveraged positions can act as double-edged swords for the broader market. If value begins trending towards his liquidation zone, cascading liquidations throughout different longs may speed up draw back momentum. Conversely, whales with deep pockets usually defend key ranges to guard their positions.
ETH Higher-Timeframe Trend Remains Fragile
Ethereum’s weekly chart exhibits the market combating to stabilize above the $3,000–$3,150 zone, a stage that now acts as the first help band after weeks of heavy promoting. The latest bounce from the mid-$2,700s has created a short-term reduction construction, however ETH nonetheless trades effectively under its 50-week shifting common, which is starting to twist downward—a sign that the broader pattern is shedding momentum.
The chart highlights a transparent sample: every rebound over the previous six months has produced decrease highs, reflecting persistent vendor dominance each time ETH approaches the $3,500–$3,800 area. This repeated rejection zone marks a key resistance cluster that bulls should reclaim to shift the medium-term outlook again towards bullish continuation.
Volume additionally stays comparatively muted in comparison with earlier levels of the cycle, suggesting that present shopping for curiosity is hesitant. Without a surge in spot demand, rallies could proceed to fade rapidly.
On the constructive facet, ETH has reclaimed the 200-week shifting common, an vital long-term help that traditionally acts as a pivot between macro bull and bear phases. As lengthy as this stage holds, Ethereum retains structural energy.
ETH is in a neutral-to-bearish consolidation, and a decisive weekly shut above $3,300 is required to substantiate regained momentum.
Featured picture from ChatGPT, chart from TradingView.com
