Ether Whales Open $100M Leveraged Positions Following US Strikes

• Ether whales opened $100M leveraged positions after the US airstrikes.
• Ethereum trades at $2,255.15, down 13.87% in seven days.

Following the US airstrike on the Iranian nuclear plants, Ethereum whales had acquired leveraged positions worth over a hundred million dollars. According to Hypurrscan Blockchain data, one of the investors entered a long position with 101 million worth of Ether at a price of 2,247 dollars with 25x leverage. Such a move is an optimistic indication that the second cryptocurrency can revive its price.

At the time of writing, one Ethereum coin was worth 2255.15 USD. This is a loss of 1.48 percent over the last 24 hours, 13.87 percent over the past week, and 12.1 percent over the past 30 days. On June 22, the cryptocurrency hit its lowest point in 1 month, its price fell to 2,113 under the impact of turmoil on the market, which was created by geopolitical challenges.

Significant Whale Activity

A day before the $101 million wager, a different whale pulled out 40 million worth of ETH out of Binance, leaving them with a total balance of 112 million ethers, according to Onchain Lens data. The accumulation indicates that big holders are finding an opportunity in the drop in prices.

The airstrikes, which were announced by US President Donald Trump, were on Iranian nuclear facilities, and they escalated the tensions in the Middle East. There were extensive liquidations on the crypto market as positions worth more than $1.79 billion were liquidated, including $282 million worth of Ether positions.

Despite the downturn, whale activity indicates optimism. A blockchain analyst told CoinDesk earlier this month that large investors are considering making moves based on low prices as they await a rebound. However, a difference in opinion of 64 percent of the best traders shows that they are still short on Ether.

Market Context and Volatility

The broader crypto market also felt the impact. Bitcoin fell to below 100,000 dollars, trading at 98,300 dollars, whereas other altcoins such as Solana and XRP posted monumental losses. The weekend witnessed total market liquidations of a figure of 1.2 billion, with longs taking the short arm.

Ether’s price volatility aligns with heightened geopolitical risks. Risk appetite has been hurt by the US-Iran conflict, in addition to strikes by Israel. On the other hand, according to CoinShares, institutional demand for Ethereum remains high, with $124 million flowing into Ether exchange-traded products in the last week.

Whales’ leveraged bets contrast with cautious market trends. The position, which was opened on Hyperliquid and executed as a premium, has already accumulated a potential profit of 800,000 USD in unrealized profits. High leverage is, nonetheless, quite risky under these turbulent circumstances.

The post-airstrikes reaction in the market highlights the fact that crypto is susceptible to international events. Though Bitcoin is generally promoted as a safe-haven asset, the recent price dynamics indicate that it has more risk-like properties, according to a Bloomberg analysis. Ether is under equal pressure but has a high network activity.

The staking milestone in Ethereum, where more than 35 million ETH are staked, is likely to prop up long-term bullishness. On June 12, whales amassed 871,000 ETH, the highest number seen in seven years. These advances increase confidence about the Ethereum fundamentals regardless of the short-term difficulties.

Market uncertainty is mainly caused by the Middle East conflict. The pending Iranian retaliation may continue to upset prices, and the diplomatic talks could also moderate the mood.