Amid Ethereum Price Volatility, Bullish Position Increases to $205 Million

On February 11, Ethereum's price briefly dropped to around $1,950, drawing market attention. Meanwhile, a major ETH long holder took action by adding 5,000 ETH on Hyperliquid, a move that signals strong confidence in the asset's future.

Bullish Position Expanded

This investor had previously built a long position of 105,000 ETH at price levels ranging from $2,029 to $2,060. Despite a current unrealized loss of approximately $10.43 million, the total value of the position remains as high as $205 million.

Volatility Tests Market Sentiment

• Short-term ETH price swings intensify, challenging investor resilience.
• The long holder's decision to accumulate at lower levels reflects long-term optimism.
• In the current macro climate, large-scale moves by institutional players warrant close attention.