Ethereum News Today: Ethereum Whale Ramps Up Longs, Stakes $121M in Bullish Bet

A major Ethereum whale known as the "1011 Insider Whale" has increased its ETH long position, now holding 39,000 ETH worth roughly $121.5 million with 1.9x leverage. This marks a significant recharging of the whale's holdings, as recent data suggests the whale has continued to bet big on Ethereum. The position shows an unrealized profit of around $3.4 million, reflecting a strong mark-to-market gain amid ongoing bullish activity.

On-chain data highlights the whale's strategic accumulation over the past weeks. The whale's exposure grew from 14,227 ETH to 39,000 ETH, indicating a focused buildup with favorable price conditions supporting the move according to on-chain data. The average entry price for the position is near $2,965.73 per ETH, and the whale has managed to capitalize on price appreciation without triggering liquidation risks, despite the use of leverage.

Other whale positions, however, have shown mixed fortunes. The so-called "CZ Counterparty Whale" continues to face an unrealized loss of $13.55 million on its ETH long, with the ETH price now below $3,000. This account, previously active in leveraged short positions on ASTER, has shifted focus to ETH but remains vulnerable to further downside. Meanwhile, a large 25x leveraged ETH long position held by the "Big Brother" address is also in the red, with losses currently at $164,000.

Market Activity and Leveraged Exposure

The "1011 Insider Whale" is not the only large player making moves in the Ethereum market. Another prominent ETH position on the Hyperliquid platform recently turned a $3.32 million unrealized profit after opening a 7x leveraged long of 19,860.72 ETH, valued at roughly $60.58 million. The holder executed 19 trades over three days, capturing price swings while maintaining a disciplined approach to risk management.

Such leveraged positions underscore the heightened volatility in the Ethereum market as traders and institutional participants seek to navigate shifting liquidity conditions. The use of high leverage, however, increases sensitivity to price swings, making it a double-edged sword in a market where sentiment can shift rapidly.

Broader Crypto Market Trends

While individual whale movements offer insight into market dynamics, they also reflect broader trends in the crypto sector. Venture capital funding for crypto projects has continued to slow, with November 2025 seeing only 57 disclosed funding rounds, despite a few high-profile raises. Most capital flows toward centralized finance (CeFi), decentralized finance (DeFi), and NFT–GameFi sectors, but overall deal counts remain significantly lower than in previous bull markets.

At the same time, global economic uncertainty is influencing blockchain activity across multiple networks. According to Geekstake's latest analysis, macroeconomic pressures—such as inflation concerns and liquidity shifts—are contributing to higher volatility across major digital assets, including Ethereum. On-chain behaviors like validator adjustments and stablecoin movements are also showing signs of increased activity as participants adjust their risk exposure.

What This Means for Investors

Investors monitoring large whale activity may view the "1011 Insider Whale" buildup as a bullish signal, especially given the relatively conservative leverage used. However, caution is warranted as not all large holders are experiencing similar gains. For instance, the "CZ Counterparty Whale" and "Big Brother" positions show significant unrealized losses (https://www.lookonchain.com/feeds/39520). Analysts suggest that while whale actions can indicate near-term liquidity shifts, they should not be treated as definitive market forecasts. The interplay between large-position holders, broader macroeconomic factors, and regulatory developments will likely continue to shape Ethereum's price trajectory in the coming weeks.