Ether Whale Orders Shrink as $2B Short Cluster Sits Near $2K
Ether whale activity has decreased, coinciding with its longest weekly losing streak since 2022, while a significant $2 billion short position looms near $2,000.Summary
Ether (ETH) has experienced a slowdown in whale activity on major exchanges since the beginning of 2026, with approximately 2 million ETH traded in large transactions over the past 45 days. This coincides with ETH's worst weekly losing streak since 2022, impacting investor expectations. CryptoQuant data reveals a decline in average ETH whale sell orders on Binance, falling from around 2,250 ETH in early January to approximately 1,350 ETH recently. While larger participants are disengaging, accumulation addresses have increased by over 2.5 million ETH in February, indicating underlying demand. Currently, ETH is in its sixth consecutive week of losses, mirroring a similar drawdown in 2022. Futures market data shows a $2 billion cluster of short positions around $2,000, potentially acting as a near-term price magnet, while $682 million in long positions are at risk below $1,600. Some traders anticipate a potential V-shaped rebound, but breaking the $2,000 resistance remains key.
(Source：Cointelegraph)