The global cryptocurrency market causes confusion due to high volatility. In the midst of this, whales and investors seem to add precious tokens because they negotiate at reduced levels.
Today, on February 11, 2025, an eminent cryptography expert published on X (formerly Twitter) that the whales chose Ethereum (ETH) as the best investment opportunity, after adding millions of dollars of ETH the week last.
1 million Ethereum (ETH) withdrawn from exchanges
In an article on X, the expert noted that more than a million Ethereum (ETH) were withdrawn from discussions during last week. Such a removal of exit or discount token seems to indicate a potential accumulation, which can create a purchase pressure and lead to the rise up.
In addition, this outing suggests an ideal purchasing opportunity. However, the current feeling of the market seems to be lower, with a strong possibility that this substantial accumulation can reduce sales pressure.
Downward approach to ETH traders
Despite the optimistic perspective of long -term investors and holders, intraday traders seem to adopt the opposite approach, as reported by the chain analysis company Rinsing.
At the time of the press, Paris traders on the long side seem to be exhausted, while those who take short positions currently dominate the assets.
According to data, merchants occupying long positions are over-leveled at $ 2,568, with $ 108 million in long positions. Conversely, Paris traders on short positions are over-discussed at $ 2,690, where they hold $ 415 million in short positions.
These liquidation data clearly define the current feeling of the market, where short positions are four times stronger than long positions. In addition, short traders have the potential to easily liquidate long positions.
Current price momen
Ethereum Currently negotiated nearly $ 2,588 and has dropped by prices of more than 4.10% in the last 24 hours. However, during the same period, due to massive volatility and substantial price fluctuations, its negotiation volume decreased by 17%, which indicates a lower participation of traders and investors compared to the day before.