2025-12-24 07:26:58

When ETH broke 3000, the market was filled with voices of panic selling. But interestingly, some big players holding heavy positions remained as steady as a rock, with paper losses exceeding hundreds of millions of dollars yet unchanged. This is not simple.

From my long-term market observation, one insight is that when retail investors start panic selling, it often signals the night before a market reversal. For example, this major holder, who is holding over 400,000 ETH and has an unrealized loss of over $100 million, is going against the trend—borrowing some coins from a lending platform and even moving part of their positions to an exchange. This move doesn’t look like an attempt to cut losses and run; rather, it seems like an active reallocation of positions.

What’s more intriguing is that those old whales, who have been silent for years, have recently become restless. They are not only switching between trading BTC and ETH but also opening new long positions through multiple wallet addresses. Every move by these seasoned players often reveals some insights, often more worth pondering than news and positive signals.

From a technical perspective, ETH is currently oscillating around the critical level of $2980. This is not just the intersection of short-term and medium-term moving averages; the Bollinger Bands are also compressed to the limit, with volatility at a relatively low level. It’s like a bowstring pulled to its maximum, just waiting for a little more force to decide the direction.

On the MACD, it appears to have a death cross, but the momentum histogram has not shown a significant downward expansion. This divergence usually indicates that the downward momentum is insufficient, and we should also watch for the possibility of an upward breakout.

Market sentiment-wise, retail investors are indeed scared, but the buy orders deep in the order book of a major exchange are quietly accumulating. Especially below the $2800 support level, there are already many large buy orders stacked up. The open interest in derivatives markets is also increasing, indicating that this is not just a stop-loss rebound by longs, but new funds actively entering the market.

History always repeats itself in some way. Looking back at 2016-2017, ETH also repeatedly oscillated at similar resistance levels before finally breaking through and launching that wave of rally…

ETH0.87%

BTC1.06%

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LiquidationWatcher

· 19h ago

Whale borrowing coins to move positions on exchanges? This signal is a bit something, retail investors should watch what the whales are doing when they cut losses. --- Are the big whales opening multiple wallets to build long positions? Fine, this time I’ll follow, betting they can still sniff out the market trend. --- Bollinger Bands pushed to the limit, MACD momentum bars not falling? Fully stretched, feels like a trigger is imminent. --- With so many large orders stacking up at the 2800 support level, what is the exchange thinking? Don’t they have a clue? --- Retail investors screaming to cut losses, yet open interest in derivatives not only remains but increases? Funds are quietly entering the market. --- History repeats itself; this is a bit of a cliché, but the 2016 wave indeed repeatedly tested this level, and then... never mind, I won’t say more. --- Over 400,000 ETH floating loss of 100 million yet still willing to leverage? The big players’ mental resilience is extraordinary. --- So many buy-in orders accumulating at key levels suggest that the short-sellers are not as committed as imagined. --- I just want to know, do the whales really only hold 400,000? --- The technical setup is all in place; now it depends on whether additional funds are willing to step in.

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ColdWalletGuardian

· 19h ago

Large investors' recent moves are indeed interesting. Losing over a hundred million but still daring to borrow coins to add positions—such mental resilience is unmatched. Retail investors should be buying the dip now, not cutting losses. Whenever the old whale moves, the market is about to change direction. This pattern has been proven time and again. The buy orders stacked at the 2800 defense line seem to be waiting for a certain moment. The Bollinger Bands are pressed to the bottom, and volatility is so low. It’s either a buildup or brewing something else, but who can be sure to grasp it accurately? The MACD shows a death cross but lacks downward momentum. Such mismatched signals are the most deceptive; often, a reverse breakout happens last. Oh my, should I go against the trend and enter? Those who buy now are either experts or fools—they can’t afford to gamble. It’s true that history is repeating, but whether it’s the market or losses that are repeating is hard to say. Anyway, I can’t see clearly. Wallets that have been dormant for years suddenly become active—someone must be planning carefully behind the scenes. The position around 2980 is quite frustrating to oscillate in. It neither breaks up nor falls down, which is the most exhausting.

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ProveMyZK

· 19h ago

Large traders borrowing coins to reverse their positions—this move, I think, isn't just betting on a rebound; it really seems like paving the way for the upcoming market trend. When retail investors cut losses, it's often an opportunity, and this round is no exception to that curse. Below 2800, the big orders are stacking up quite aggressively. The main force clearly doesn't want it to fall. Is this a defense of the market or an attempt to lure in short sellers? Recently, the old whales have been getting restless. Have they sensed something? The Bollinger Bands are pushed to the extreme position—either breaking through upward or a false breakout. The key is whose chips are more resolute. I'm tired of hearing "history will repeat itself," but the current posture of ETH does indeed resemble some signs from 2016. The MACD has a death cross but lacks momentum expansion, indicating that the selling pressure isn't as fierce as imagined. This is the part worth pondering. Open positions are still increasing? That suggests new funds are indeed entering the market for layout, not just simple long stop-loss.

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rugpull_ptsd

· 19h ago

Big players borrow coins and don't run, this move is indeed slick. When retail investors are crying and shouting, it's often the best time to get in. Haven't you learned this after so many times in history?

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QuietlyStaking

· 19h ago

Large traders borrowing coins to rebalance their positions — I've seen this tactic before. Retail investors cut losses to buy the dip, and this routine has never changed. Whale movements are indeed a signal, but what I care more about is the buy order at 2800... that’s the real key. Wait, MACD shows a death cross but the momentum bars haven't expanded? Isn't this a classic sign of a weak decline, which actually makes a rebound more likely? Repetitive oscillations around 2980, with the Bollinger Bands pushed to the limit — just waiting for a big K-line to break through. Honestly, I’m optimistic about this wave, but I still feel a bit nervous... after all, retail investors’ panic sometimes turns out to be correct. Hearing "history repeats itself" so often, but this time, it really feels a bit different.

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