Overview
- ETH trades near $3,100 and sits above the 20, 50, and 100-day EMAs, preserving a key support zone.
- Large traders expanded bullish bets, including reported longs by BitcoinOG (~$169 million), Anti‑CZ (~$194 million), and pension‑usdt.eth (20,000 ETH), with Arkham also flagging 0xBADBB holding about $189.5 million in ETH longs.
- Whale activity includes MachiBigBrother opening a new ~$14 million ETH long after prior losses, signaling high‑risk conviction rather than confirmation of a trend.
- Over the last day, long traders absorbed roughly $121.6 million in ETH liquidations versus about $62.7 million for shorts, even as open interest rose by about $2.3 billion with a positive OI‑weighted funding rate.
- Centralized exchange balances have fallen to roughly 8.7% of ETH supply, while BitMine added about $199 million to reach 3.73 million ETH as mid‑size whales continue distributing and mega‑holders remain largely neutral.