Whale transfers 26.75 million USDT to Arbitrum - strategy for ETH growth

An institutional investor, known as a so-called “whale,” has made a significant transfer on the blockchain network. The entity sent $26.75 million in USDT from the Tron network to Arbitrum within the last three hours, initiating a substantial move in the derivatives market.

Massive transfer to Hyperliquid and open position

According to reports from Foresight News, the whale quickly transferred the acquired funds to the Hyperliquid platform to open a long position on Ethereum. The entity decided to open a position with an impressive 38,000 ETH, totaling $76.24 million. This transaction indicates the investor’s strong confidence in the price increase of the second-largest cryptocurrency.

Long position parameters and risk levels

The whale bought ETH at a price of $2,041 per coin, setting a liquidation threshold at $1,365. The marginal conditions of this operation suggest a high level of confidence in a bullish scenario. The current price of Ethereum hovers around $1,950, meaning the investor remains below the entry price but has already covered a significant portion of the path to profitability.

Market implications and the significance of the big player

Whale operations are closely watched by smaller market participants, as their decisions often precede larger price movements. The size of the transfer and the depth of the open position suggest that this institutional investor expects a substantial increase in Ethereum’s value in the medium term. The whale’s transfer to Arbitrum also highlights the growing importance of Layer 2 networks as key hubs for advanced derivatives trading.