On-chain data suddenly showed abnormal fluctuations. Renowned investor Huang Licheng's Ether long positions reached $28.6 million, with an entry price of $2,981 and a liquidation line set at $2,885. This position size marks his personal record since 2023.

The market reacted quickly. The price of ETH surged by 3.7% in five minutes, surpassing the key resistance level of 3050 dollars. The inflow of leveraged long positions across the network reached 420 million dollars. The liquidation heatmap shows that if it falls below 2890 dollars, approximately 270 million dollars worth of chain liquidations will be triggered.

**Why choose to enter a position now?**

Several signals are worth noting: The probability of the Ethereum spot ETF being approved has risen to 85% according to institutional forecasts. There seem to be positive signals coming from within the SEC. Vitalik Buterin recently met with executives from BlackRock to discuss enterprise-level staking solutions. More importantly - the GAIB ecosystem announced that it will integrate Ethereum L2 solutions next Monday.

This integration is not just a simple technical connection. GAIB has made it clear that it will use ETH as the settlement asset for the computing power network. Specifically:

Hash power trading requires staking ETH as margin. The massive traffic of GAIB will directly flow into the Ethereum ecosystem. After adjusting the staking yield model, the annualized expectation may exceed 45%.

**Data Performance of GAIB Ecosystem**

When everyone is focused on that 28.6 million dollar Position, the data of the GAIB protocol itself is more worth looking at:

In the past 7 days, the amount of ETH staked through the GAIB mining power market surged by 740%. Institutional addresses have cumulatively increased their holdings of 190,000 ETH through the GAIB protocol. Vitalik Buterin's wallet address has interacted with the staking contract of GAIB for the first time.

Signals from three dimensions: technical, capital, and ecological, have appeared simultaneously. However, it is important to note that the liquidation price of 2885 USD has only about a 5% safety margin from the current price level. Market fluctuations could trigger large-scale liquidations at any time.

The true intention of this bet may only become clear after the official launch of the L2 integration plan for GAIB next Monday.