INSUBCONTINENT EXCLUSIVE:
geopolitical tensions that are sidelining investors and dampening risk appetite.One whale (a large cryptocurrency investor) has opened an
Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247, according to blockchain data from
Hypurrscan.The investor generated over $900,000 in unrealized profit, but paid over $2.5 million in funding fees
opened hours before a second whale withdrew over $40 million worth of ETH from Binance, reaching a total of $112 million worth of ETH
Source: ReutersThe two countries have been engaging in strategic missile warfare since June 13, when Israel launched multiple strikes on
Iran, marking its largest attack on the country since the Iran-Iraq War in the 1980s.Related: Ether crypto funds see $296M inflows in best
week since Trump electionMost Bitcoin (BTC) and Ether traders expect a further correction after the latest escalation in the ongoing
cryptocurrencies, while only 36% remain long, according to the top Hyperliquid traders tracked by HyperDash.Top traders, market positioning
Source: HyperDashRelated: Stablecoin legislation to drive Bitcoin market cycle in 2025: Finance RedefinedMost Ether investors are currently
sidelined due to the ongoing geopolitical tensions and monetary uncertainty, according to Nicolai Sondergaard, research analyst at crypto
Source: Binance ResearchBinance researchers also attributed the price drop to geopolitical escalations, adding that a wider correction may
according to a Friday report from Binance Research
prepare to hold their ETH to generate passive yield rather than sell at current prices.Magazine: 3 reasons Ethereum could turn a corner:
Kain Warwick, X Hall of Flame
