A well-known trader, possibly with insider information, has opened a high-risk long position valued at $138.75M in Ethereum, already resulting in over $1M in unrealized profit within 10 minutes.
High-Stakes Trading Activity
The trader's position in Ethereum is valued at $138.75 million with a liquidation price set at $1,854.4, generating an unrealized profit of over $1 million in the first 10 minutes.
Uncommon Trading Motives
Earlier in March, this trader made headlines with a profitable trade on March 10, selling 947 ETH for $1.95 million USDC and doubling the amount through Hyperliquid on a 50x leveraged position, yielding a $2.15 million profit in just 50 minutes.
Future of the Trade and Ethereum Market
With Ethereum's price climbing, the trader stands to earn significant profit, while a swift fall below $1,854.4 could result in position liquidation.
Market participants are watching the trader's moves closely, viewing it as a sentiment indicator. The trade's success could significantly impact investor confidence.
