[Price Divergence Intensifies: Whales Going Long on ETH vs. Institutions Reducing Positions] So, about the current price, the long vs. short debate is pretty intense. On one hand, institutions like Trend Research are cutting losses, de-leveraging, and reducing positions at this price. On the other hand, whales are leveraging up at this price. Basically, it's a case of 'calling each other idiots.' For example, this whale/institution that’s been dormant for 5 years made a move early this morning to go long on ETH in coin-margined terms: collateralized 44,500 ETH ($102M), borrowed 70M USDT, and bought an additional 30,222 ETH at a price of $2,316. The ETH they collateralized was withdrawn from Bitfinex 5 years ago, back when ETH was priced at $1,354. Currently, they’re sitting on a profit of $42.57M. Address: https://((debank.com))/profile/0xc3fe8b63ea05e8e27b3f3358d646915d7ed931e4 https://((debank.com))/profile/0x34d1231f15da58762a84ead35242896e7fec4ac1 --------------------------------------------------------- ｜Bitget VIP, lower fees, crazier perks