Ethereum’s Leveraged Gambling: Whale Behavior and the $300 Road

The Ethereum derivatives market faces record volatility due to leveraged positions and whale activity, with open contracts exceeding $60 billion. Despite the high leverage trading triggered chain liquidation (including $190 million in 24 hours), the long-term fundamentals remain strong, thanks to $28.5 billion inflows of ETFs and institutional increase. Strategic investors are advised to balance risk with conservative leverage and focus on key technical levels around $4,300.