Huge Disagreement on ETH Long and Short Positions: An Institution Spent 200 Million to Buy the Dip in Two Days, but On-chain Veterans Are Shorting Aggressively

2025-12-07 02:40:19

Abstract generation in progress

[BlockBeats] An interesting divergence has emerged: one institution is aggressively buying the dip in ETH, while seasoned on-chain players are quietly shorting.

Over the past two days, this institution has been on a buying spree—spending $68 million on Saturday, and an even more aggressive $130.7 million on Friday. In total, they’ve bought $199 million worth of Ethereum in just two days. Now, they’re holding $11.3 billion in ETH, accounting for 3.08% of the total supply, getting ever closer to their 5% accumulation target. They still have $882 million in cash on hand, seemingly ready to continue increasing their position at any moment.

On the other hand, the attitude is completely different. On-chain analytics platform Nansen has been tracking these “smart money traders” and found that they’ve opened $2.8 million in new short positions over the past 24 hours, with total short positions now piling up to $21 million—clearly betting on a short-term correction.

ETF data looks even worse: Friday saw a single-day net outflow of $75.2 million(, marking two consecutive days of outflows), with a total of $1.4 billion withdrawn throughout November.

On one side, institutions are firmly buying, while on the other, seasoned traders are collectively bearish. Who will be right in this market? This round of moves is getting harder to read.

ETH3.3%

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ForkInTheRoad

· 16h ago

Whales are buying the dip vs. smart money shorting—this one really stings, let’s see who bets right. The big institutions are ruthless—nearly 200 million thrown in over two days without blinking, but those on-chain frontrunners are aggressively shorting. Is this going to be a bloody battle? ETF outflows are still happening, this pace feels a bit off. Institutions are playing the long game, retail investors are betting on a pullback, and the average person caught in the middle is just… well, cards on the table. With so much cash on hand, they’re definitely going to keep throwing money at it. The question is, will this turn out to be another big trap? When smart money is going against whales, it really means the short-term outlook is shaky. I’ll wait and see for now. What happened after buying the dip two years ago? Still depends on how the trend plays out next. So much outflow and still adding to positions? They must be really bullish.

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GhostWalletSleuth

· 17h ago

This institution is crazy, dumping 130 million in a single day and still wants to continue? On-chain veterans, however, are aggressively shorting. Let's wait and see who wins the bet.

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GateUser-e19e9c10

· 17h ago

This institution is buying like crazy, but smart money is shorting aggressively. Who the hell is right?

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GasFeeVictim

· 18h ago

A whale dumped 200 million to bottom fish, but on-chain pros are shorting. Is this a head-to-head battle? --- 199 million bought in, 882 million still on hand—this pace is pretty wild... --- Wait, smart money opened a 2.8 million short—are they setting a trap? --- Damn, ETFs are still seeing outflows. Is the whale catching a falling knife here? --- Both sides are betting, let’s see whose position holds up better. --- This situation is honestly intense, still ready to throw another 882 million in cash... --- On-chain veterans shorting, institutions bottom fishing—is this a classic contrarian signal? --- The 5% target is still far off. Is this institution really going to stick it out to the bitter end? --- The short position is only 21 million, peanuts compared to that 199 million. --- ETF outflows have plunged for two days, but perpetuals are feasting on each other—a real show.

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