The Equation News chief bets on ETH amidst market turbulence

The crypto scene was marked by a strategic move from Equation News founder Vida, who decided to heavily deploy on Ethereum. This short-term accumulation of ETH represents a significant position, indicating strong confidence in the prospects of an imminent market rebound. Vida acquired 1,983.57 ETH at an entry price of $2,281 per token, capitalizing on what he considers a market inflection point.

This $2 million investment decision is accompanied by a positive dynamic: the position has already gained $259,000, validating Vida’s timing of entry. Beyond this immediate purchase, Equation’s founder’s strategy reveals a much broader conviction. He has reserved an additional $20 million, ready to accumulate more at the first sign of a significant correction in the market. This dual approach—buy now and position for future opportunities—reflects an assertive bullish outlook.

According to analyst @ai_9684xtpa, Vida’s confidence is based on precise technical analysis. The liquidation of the whale known as ‘1011 insider whale’ would have eliminated a major risk of an immediate market crash. Vida thus anticipates a stable trajectory over the weekend, away from feared collapses. While awaiting the expected crypto rebound on Monday, the investor plans to hold his ETH position, betting on a broader recovery once volatility in the precious metals markets normalizes and restores investor confidence in risk assets.