ETH Dominance Flips Bullish as $900M Whale Position Expands

2026-01-17 21:24:21

Source: CryptoNewsNet Original Title: ETH Dominance Flips Bullish as $900M Whale Position Expands Original Link:

Major Whale Adds to Ethereum Long Position

A significant crypto whale has expanded its Ether holdings as Ethereum’s market share maintains a critical support level. The moves continue to draw market attention to whether ETH can sustain momentum against the broader cryptocurrency market.

Hyperunit Whale Increases ETH Exposure

Arkham Intelligence reported that the “$10B Hyperunit Whale,” linked to Garrett Jin, added another $66.2 million to an existing Ether long position. Following this move, the whale’s ETH long now totals approximately $733.3 million, with combined long exposure across ETH, SOL, and BTC reaching over $900 million.

The Arkham dashboard for the “HyperUnit BTC Whale” showed a portfolio value of about $3.33 billion at the time of the snapshot. The holdings included roughly 30.664K BTC valued near $2.91 billion, alongside approximately 126.425K AETHWETH worth roughly $415.36 million, with smaller balances in other tokens.

Arkham highlighted the scale of the position by questioning whether this could become the first $1 billion long since James Wynn. The platform did not provide additional details regarding venue, leverage, or liquidation levels for the reported long exposure.

ETH Dominance Holds Key Support Level

Ethereum’s share of total crypto market capitalization has stabilized near a key support zone. Chart analysis showed ETH dominance rebounding sharply from early 2025 lows, with price structure remaining above a closely watched horizontal level.

Meanwhile, momentum indicators have turned positive. The MACD on the ETH dominance chart flipped bullish, signaling a shift in trend strength following a prolonged negative phase. Histogram bars expanded, reflecting improving momentum rather than a flat or fading move.

Volume increased alongside the recent upward push, suggesting broader participation as ETH dominance recovered from lower levels. Ethereum’s market share held near 12.5% at the time of analysis, maintaining the key support level while technical signals aligned to the upside.

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