@dappdrifter
A Bitcoin OG whale just went heavy on an ETH long and it’s hard not to notice.
First: deposited 10M USDC, opened ETH long around $2.956K, then kept DCA’ing up. A few hours later: added another 60M USDC and kept scaling in aggressively.
Current position is big: 5x ETH long, entry $3.048K, liq $1.795K, notional ~$168M. It’s already up about $2.6M, and he’s even parked a buy order for 20K ETH at $3K.
Feels like a pretty loud bet that ETH rebounds here maybe even more than BTC.
0 reply
0 recast
0 reaction