#美国就业数据表现强劲超出预期 Will the Bank of Japan not raise interest rates tomorrow? Let's see what the whales say

On-chain data shows that a large holder has been continuously increasing ETH long positions by 12,000 tokens on October 11th, with total holdings exceeding 200,000 ETH. At the current price, this position is floating at a loss of over $61 million, and the entire account is floating at a loss of more than $73 million — this scale is indeed quite aggressive.

The market is currently stuck on two points. In the short term, tonight's CPI data will stir up some sentiment. But the main focus is still on tomorrow's Bank of Japan interest rate decision — the market widely expects a 25 basis point hike, but the whale's increasing positions seem to be betting on a counter-move. Will the Bank of Japan hold back, or will the market take a big negative news as a counterattack? The $ETH price movement in the past couple of days will probably give the answer.

Despite macro turbulence, major players on the chain are still making moves. It's interesting to consider how to understand this contrarian accumulation logic.