A mysterious whale has made a move again. Remember the flash crash on 10/11? The “insider-level player” who made a killing by shorting at the perfect moment has now turned to go long on ETH.

The timing is uncanny—right after opening long positions, Ethereum started to surge.

Check out the size of his positions: nearly 49,000 ETH, worth $154 million at the current price. His entry price is locked around $3,045, and he’s already sitting on an unrealized profit of nearly $5 million. What’s even more aggressive is his open orders—he plans to buy another 25,000 ETH in the $3,000 to $3,094 range, with over $76 million in reserved funds.

In total, this setup exceeds $230 million.

When this amount of capital enters at this level, either he’s extremely bullish on the market, or... he knows something we don’t.