Conflicting Signals in Ethereum: Large Investors Increasing Holdings vs Reducing Leverage Positions, What is the Market Brewing?

[Coin World] Ethereum has recently shown an interesting phenomenon - the voices in the market are completely different. On one side, Large Investors are quietly increasing their holdings, while on the other side, Margin Traders are in a hurry to reduce position.

From the data, addresses holding more than 10,000 Ether have been accumulating since July and have now reached a new high. What does the behavior of this group of Large Investors indicate? They are optimistic in the long term. They are not trading short-term; true holders are voting with their feet.

But looking back at the trading aspect, it's different. Since August, the open interest of Ethereum has plummeted by nearly 50%, and last week, $644 million flowed out of ETFs in one week. Margin trading players are running away, and institutions are also reducing risks. This indicates that short-term investors and derivatives traders in the market are actively de-leveraging.

What does this contrast imply? The market is undergoing a subtle restructuring—holders are looking long-term, while traders are being cautious. Large investors are quietly building positions, while margin traders are reducing positions; this power dynamic often suggests that there may be significant price movements. Consolidation periods typically test people's resolve the most and are also the easiest to trigger a breakout.