2026-01-05 01:21:20

Recently, Ethereum's market performance has been quite interesting. On one hand, institutional investors' enthusiasm continues to rise, with US spot ETH funds recording a net inflow of $174 million at the start of the new year. Coupled with major institutions like Bitmine continuously building positions, strategic locking of supply is also steadily advancing. On the other hand, Ethereum's technical outlook has several highlights—Vitalik Buterin officially announced that ZKEVM and PeerDAS technologies have completely solved the blockchain trilemma, which has driven on-chain activity and the number of new addresses to reach all-time highs.

From a historical perspective, Ethereum tends to rebound in Q1 after experiencing a decline in Q4, and this pattern seems to be repeating now, which is a positive signal for bulls. However, the current price action still appears somewhat ambiguous.

Looking closely at the technical indicators, the MACD has already shown a bearish crossover, with the signal line above, indicating that upward momentum may be waning. More notably, whale activity is worth paying attention to—one large holder directly converted 7,828 ETH (about $24.6 million) into wrapped Bitcoin, a move typically signaling caution about the market outlook. Even more extreme, a whale investor has accumulated a leveraged short position worth $40.79 million, a significant amount, indicating a strong expectation of a price decline.

Community opinions are also diverse. Some believe that continuous institutional buying will keep pushing prices higher, while others think there might be a short-term rally followed by a pullback. Such disagreements are quite normal—after all, institutional demand and technical factors are supporting the price, but short-term technical signals and whale movements do introduce some uncertainty. The current situation is a tug-of-war between bulls and bears, and the next few weeks will be crucial.

ETH-1.71%

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ForkThisDAO

· 23h ago

Whale dumps over 40 million in short positions, how come there's still someone daring to chase longs?

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WhaleStalker

· 01-07 21:15

Whales are stockpiling, and we're just watching the show. This is what the current market looks like. Institutions really haven't stopped, but look at what whales are doing? Switching directly to BTC to run away—can the signal be any clearer? The MACD has crossed, and the short position of over $40 million—honestly, it's a bit shaky. Wait, can the three dilemmas really be solved? Did V God not boast? Or is it just another hype? With such a split between bulls and bears, it's indeed toxic in the short term. I tend to follow the footsteps of big players. Institutions are entering, whales are exiting—can this spread really be profitably exploited, or is it all just an illusion? Honestly, it's just a lack of certainty. I'll wait and see how things develop later.

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ColdWalletGuardian

· 01-05 01:51

Institutions are rushing in, but whales are quietly shorting. This drama is quite interesting. --- MACD has a bearish crossover, dare to chase? I wouldn't dare. --- 7828 ETH exchanged for BTC, such a move... Are the whales really panicking? --- Is it just the historical pattern or a technical breakthrough? Feels like self-comforting. --- $40.79 million in shorts, they must be betting aggressively for a reason, right? --- Long and short battles, retail investors are still hesitating whether to buy or not. It's hilarious. --- Is it the power of institutional money or the whales' keen sense? We'll see in the next few weeks. --- The technicals look good, and on-chain data is off the charts, but the price still fell. --- There might be some bearish bias, but I have to admit, data doesn't lie. --- Both the bulls and bears have reasons; this is called information asymmetry.

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consensus_failure

· 01-05 01:51

Institutions are buying, whales are shorting. Just tell me who will win. --- When MACD shows a bearish crossover, 7,828 ETH are exchanged for BTC. Do you understand what this really means? --- It's either the Q1 rebound pattern or technical solutions to the three difficult dilemmas. I feel like they are all just stories. --- A short leverage of 40.79 million. This guy really dares to bet. If he gets liquidated, it will be hilarious. --- Basically, no one knows which way it will go. Institutions are buying for hype, but whales might have already planned to run away. --- Now we're just waiting to see who admits defeat first—bulls or bears. That's the real highlight. --- Vitalik officially announced solving the three difficult dilemmas. Can the price go up? Reality and technology always have a time lag. --- What does it mean to be ambiguous in the short term? It means it could go down or up. Is that analysis? --- Exchanging 7,828 ETH for BTC, and a short position of 40.79 million. Feels like someone knows something. --- Institutions are buying frantically, but indicators are weakening. That's contradictory.

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LayoffMiner

· 01-05 01:50

Institutions are buying frantically, but whales are reducing their positions… I’ve seen this script too many times, uh no, I haven’t seen it at all. MACD has already crossed, and you’re still shouting about a rebound? --- Feels like this is just a manipulation by the big players. With 7,828 ETH turning around, they simply don’t believe it. --- I believe in solving the dilemma of the three difficulties, but I trust my account’s losses even more… --- Whale shorted 40.79 million? Then I’ll just wait to buy the dip. Anyway, losing is just how it is. --- Institutions are buying, institutions are buying, but why does it feel like they’re all just high-level bagholders? Not quite right. --- Heard too many times about short-term surge and fall back. This time, it really looks like it’s going to drop. --- Q1 rebound pattern? Bro, this is 2025, the pattern has already been broken. --- Feeling a bit anxious, the MACD red light is on, feels like I should run.

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0xSleepDeprived

· 01-05 01:48

Whale dumps over 40 million in short positions, is this going against institutions? It feels like we need to see how the next few weeks unfold.

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YieldChaser

· 01-05 01:22

Whales swapping ETH for BTC... This signal is a bit interesting --- Institutions are buying and buying, but MACD is still falling... Who's really in charge --- 7828 ETH directly exchanged for BTC, is this guy scared? Or does he have some foresight --- Q1 rebound pattern again? It's called a pattern in a nice way, but what if it breaks --- Technical indicators are off the charts, yet whales are stacking 40.79 million in shorts... I think this is a double act --- Vitalik announced the solution to the three dilemmas, on-chain data hits new highs, but why is the price so weak? It feels a bit inconsistent --- Institutional enthusiasm + technical highlights, but MACD shows a bearish crossover... It's hard to say who will win between bulls and bears --- Why does it feel like everyone is waiting for the next person to make the first move... This situation is indeed a bit stalemate

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