Recently, a piece of news has caught the market's attention—an anonymous giant whale is aggressively long on ETH.

This unidentified large holder has made another move in the past half hour, adding 20,000 ETH to their position. Now, their long holdings have surged to 140,094.52 ETH, with a total value of up to $446 million. The average opening price is locked in at $3,179.54, with an unrealized profit of $693,000 on paper.

Even more intriguing is that this scale is less than $50 million away from the famous $500 million short position before the 1011 flash crash. Could this be a signal? Or just a reckless bottom-fishing gamble?

For retail investors, such whale-level actions are certainly a confidence booster for the market. However, one must also be cautious of a possible scenario: what if someone is specifically setting a trap to liquidate this big holder, causing the accompanying followers to be wiped out as well—that would be quite embarrassing.

The market is always full of variables—to follow or not to follow? That is the question.