#SmartMoneyAdjusts When whales move quietly, it’s usually not fear—it’s discipline.
Recent on-chain activity around large Ethereum positions has sparked “exit” narratives, but seasoned market participants recognize a different story: risk recalibration, not retreat. Reducing leverage, optimizing liquidation levels, and reallocating collateral are classic tools of capital preservation, not surrender.
Survival Before Expansion
In highly leveraged markets, survival is the first victory. Strategic players understand that staying solvent through volatility matters more than chasing short-term valid