Ether whales are bullish on ETH, opening $101M long position

From Cointelegraph

June 23, 2025 5:18 am:

Ether whales are bullish on ETH price recovery, with one whale opening a $101 million long position with 25x leverage. Another whale withdrew $40 million of ETH from Binance. Ether price dropped to $2,113 after US airstrikes on Iran. 64% of traders are shorting BTC and ETH, expecting further correction.

Geopolitical tensions and monetary uncertainty have Ether investors on hold, according to analysts. Binance researchers attribute price drop to geopolitical escalations and anticipate a wider correction. Staked Ether supply hits all-time high, signaling reduced sellable supply. Traders view pullbacks as opportunities, not directional reversals.

Read more at Cointelegraph: Ether Whales bet $100M after US Airstrike on Iran