Whales Just Bet $832 Million on the Ethereum Price Dip, Here’s Why

Ethereum (ETH) price has lost 3.6% since May 10, dipping significantly inside a falling channel that has held since April 17. Whales used the dip to load up on $832 million in ETH. Derivatives positioning shows the rally that preceded the breakdown was short-covering, not new longs piling in. That hands whales a low-leverage entry.
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