$1.62B ETH Mega-Bet Sends Shockwaves Through Crypto Markets
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Ethereum whales just dropped a bombshell—and the market's still reeling.
The play: A single $1.62 billion ETH position materialized out of thin air, triggering algorithmic trading frenzies across derivatives platforms. Liquidations spiked as leveraged shorts got steamrolled.
Why it matters: This isn't just 'smart money' signaling—it's a gamma squeeze on steroids. Market makers are scrambling to hedge while retail FOMO reaches 2021-level intensity.
The kicker: Some hedge fund probably spent more on this trade than their entire 'blockchain research' budget. Nothing boosts conviction like other people's capital.
Sharplink News: Gaming Firm Buys $52.5M in EthereumSharplinkGaming bought 14933 tokens which is worth $52.56M in the past few hours. The company burned 108.57M $USDC to purchase Ether. As per... Read More
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