#BuyTheDipOrWaitNow? A whale just opened an $80 million long position on
$ETH with 20x leverage — that’s a $1.6 billion notional exposure. On the surface, it looks like a bullish signal: a giant bet on Ethereum breaking higher. But let’s slow down — history shows that whale longs are often traps for retail traders.
The Setup: What’s Really Happening
ETH is sitting near key support, and yes, buyers are defending it. But here’s the catch: thin liquidity and rising open interest make every move amplified. When whales enter with massive leverage, it’s rarely about pure conviction. More often, it’