Yesterday, after shorting ETH and making $910,000, today the same whale turned around and dumped $56 million to open a 2x long position? This kind of reverse operation has left many people confused—is it truly bullish or just a trap?

Let’s look at the data: the entry price was precisely $2,825.9, which happens to be a recent support zone. After accurately shorting and profiting from the previous swing, they then established a long position at a relatively low point—definitely a seasoned move in terms of timing.

But here’s a word of caution—a whale can withstand pullbacks, but retail investors blindly following along are at risk. While 2x leverage doesn’t seem high, when volatility spikes, inexperienced small accounts can easily get wiped out.

What’s more interesting is the logic behind these moves: first dumping to collect chips, then pumping to wipe out shorts. This “fake dip–rebound” combo is common in choppy markets. The key now is whether trading volume can keep up. If there’s a breakout above $2,850 with volume, there might really be a short-term rally; otherwise, it’s just a bull trap.

Don’t get led by a single signal—observing more and acting less is the real way to survive.