Whale adds ANTH position, now holds 27.5% of open interest

This concentration signals a structural vulnerability in ANTH's market: a single entity now commands over a quarter of open interest, which amplifies price sensitivity to its moves. The persistent TWAP buying and resting bid suggest deliberate accumulation, but the outsized position means any partial unwind could disproportionately impact liquidity. For market participants, the key watchpoint is whether this whale's behavior shifts from accumulation to distribution, as that would test the depth of remaining orders. The $1,910 bid provides a near-term floor, but its removal would expose the market to sharper downside risk.