The Ethereum market is witnessing renewed activity among whales. One major investor has opened a long position using leverage despite liquidation risks.
Opening a 15x Leveraged ETH Long
The whale opened a long position of 51,691 ETH at an entry price of $4,630.49, worth approximately $226.7M. However, this asset began experiencing significant unrealized losses shortly after.
Doubling Down on ETH Exposure
As of August 28, the whale's position increased to 86,845 ETH, equating to $297.7M. The liquidation level rose to $4,342, tightening the margin for error.
Market Implications of Whale Leverage
The aggressive strategy of the whale underscores the rising sentiment among major traders that Ethereum can see substantial price growth. However, high risks of liquidation and the current market state pose potential threats.
The situation in the Ethereum market remains under observation. The whale's next actions could lead to either a significant win or considerable losses in 2025.
