According to Ai 姨 (@ai_9684xtpa), despite James Wynn declaring a long position in Ethereum (ETH), significant sell-side pressure persists. In the past 3 hours, two addresses deposited a total of 4,241 ETH (worth $11.26 million) to Binance. Notably, address 0x55e...3DF26 originally accumulated ETH at $1,822 on May 8 and fully exited in two rounds, with an average deposit price of $2,603. If sold at this rate, the realized profit would be $3.238 million (source: intel.arkm.com/explorer/address/0x55e...3DF26). These large inflows to Binance signal potential near-term selling pressure, which traders should monitor for possible price volatility and liquidity shifts in the ETH market.

According to Ai 姨 (@ai_9684xtpa), well-known trader James Wynn opened a 25x leveraged long position on Ethereum, holding 22,548.1 ETH (approximately $60.32 million) at an entry price of $2,671.5. This is the first time James' address has used ETH leverage, and the move caused ETH prices to briefly spike to $2,679 before retracing. The significant size and leverage of this position signal increased bullish sentiment and could lead to higher volatility for ETH trading in the short term. Traders should monitor liquidity and potential liquidation risks as large positions like this can trigger rapid price movements. Source: @ai_9684xtpa via Gateio.