「Whale」 Increases Ethereum Long Position Again During Minor Market Uptrend

On April 8th, Israeli media reported that Prime Minister Benjamin Netanyahu said Israel supports former U.S. President Donald Trump’s decision to suspend attacks on Iran for two weeks—but the ceasefire does not apply to operations in Lebanon. (Source: Financial Times)

On April 8, crypto contract trader "First Set 10 Major Goals" (Twitter handle: @Jason60704294) posted on social media, noting that now is a favorable time to position in tech assets and spot crypto holdings. He argues that amid geopolitical tensions, high-quality assets typically present buying opportunities at depressed levels—not chasing peaks after risks ease. His core call: the likelihood of further geopolitical conflict escalation is limited. As such, he’s been scaling into positions incrementally over the past month, with a key risk threshold set around $67,500. He stressed that investing should prioritize trends and cycles—not chasing the absolute bottom, but rather completing positions at a relatively low point in the cycle. Given limited time and knowledge, nailing a handful of key calls is enough.

On April 8, official sources confirmed that OKX Onchain OS has officially launched its Plugin Store. The first batch features 15 plugins—including offerings from OKX, Uniswap, Polymarket, and community contributors. Developers can submit plugins to the platform, which require dual security reviews (AI + manual) before listing. Users can leverage the Plugin Store to boost their Agent’s on-chain capabilities and expand usage scenarios. OKX Onchain OS is a blockchain infrastructure suite for developers and AI Agents, integrating an Agentic Wallet, supporting 9 core skills and 72 capabilities, and covering a range of on-chain operational scenarios.

On April 8th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted 10 hours ago that address 0x042...Fff6a deposited 264.445 WBTC (valued at $17.98 million) to Binance. The WBTC tied to this address dates back to 2022, when it was transferred from address 0x051...80b27 at an average BTC withdrawal price of just $46,808. Last month, the same address also sent $13.79 million worth of WBTC to a trading platform—and the WBTC in the current address has since been withdrawn.

**April 8th Update** Analytics platform Greeks.live shared on social media: - Trump stated yesterday he would “wipe out Iran,” but today announced a ceasefire agreement. - Bitcoin quickly surged to $72,000, yet **near-term options implied volatility (IV)** remains on the decline—even end-of-cycle option IV has dropped, with skew showing reduced positive skewness. - Meanwhile, as realized volatility (RV) climbed, the volatility risk premium (VRP)—which rebounded sharply yesterday—has fallen again. From an options key indicators lens, Bitcoin’s rebound above $70,000 still delivers meaningful market encouragement. This is primarily because it eases fears of a black swan event triggering a crash, not because of expectations for sustained price gains.

April 8th — Official sources confirm Seamless Protocol, the lending arm of Base Protocol, is winding down operations. The platform’s interface will go offline on June 30, 2026, and users must withdraw all assets, redeem leveraged tokens, and unstake their SEAM by that date. The Morpho treasury will also be liquidated in an orderly fashion, with remaining DAO treasury assets allocated to SEAM holders per a governance proposal. The shutdown stems from structural challenges in the DeFi lending market, liquidity issues with leveraged tokens, and a market shift toward actively managed treasuries over permissionless tokenized products. While the protocol’s mechanics operated as intended, market conditions failed to drive widespread adoption, and sustained development lacked a clear path to sustainable revenue.