Ether whales bet hundreds of millions of dollars to recover the prices of the second largest cryptocurrency in the world despite geopolitical tensions, which are aside investors and an appetite for suppressing risk.
One whale (huge cryptocurrency investor) opened a long ether position (ETH) in the amount of over $ 101 million with a 25 -fold lever at an input price of USD 2247, According to to Blockchain from Hipurscan.
The investor generated over USD 900,000 unrealized profit, but paid over $ 2.5 million in financial fees. Its position is to be liquidated if the price of Eterra drops below USD 2196.
The sound plant was opened to several hours before the second whale withdrew ETH worth over $ 40 million, reaching a total of $ 112 million Holdings, According to to the Blockchain Onchain data provider.
The action comes when the ether fell to a minimum of USD 213 on Sunday, after American raids on Iranian nuclear places. US President Donald Trump called the attacks “spectacular military success” and warned against further strikes, unless Iran agreed to peace, Reuters Reported.
Both countries have been involved in a strategic rocket war from June 13, when Israel began many strikes on Iran, marking its greatest attack on the country from the Iran-Irak war in the 1980s.
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Most Bitcoin (BTC) and Ether traders expect further correction after the last escalation in the ongoing conflict.
About 64% of the most successful cryptocurrency traders in the industry are currently returning the two largest cryptocurrencies in the world, while only 36% remains long, According to to the best Hyperliquid traders tracked by Hyperdash.
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Ether investors in “Wait-Andae” mode
According to Nicolai Sondergaard, a research analyst on the Crypto Intelligence Platform intelligence platform, a research analyst on the Crypto Intelligence Platform intelligence platform, most ether investors are currently removed aside due to ongoing geopolitical tensions and monetary uncertainty.
“We still have great market uncertainty, whether it is a macro or war,” said the CointeLgraph analyst, adding:
“These factors, combined with the fact that if we look at the option, the view is still a bit neutral, we are still a kind of waiting and seeing stage.”
Binance researchers also assigned a decrease in geopolitical prices of escalation, adding that a wider correction may still occur.
“Will the well -known pattern” panic and then “repeat on how quickly geopolitical narrative cools down” According to to the Friday report with Binance Research. “Driven with macro withdrawals are still treated as possibilities-no sign of wider directional reversal,” said the report.
On June 17, Ether’s supply has achieved a modern level of over 35 million in history, signaling that the supply of Ether is decreasing when investors are preparing to maintain ETH to generate passive performance, not selling at current prices.
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